Report: More than half of organizations do not effectively defend against cyberattacks

Accenture’s State of Cyber Resilience research additionally revealed key traits of cyber resilient leaders. The report discovered a median of 270 assaults per yr per firm.

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Picture: Virgiliu Obada/Shutterstock

Greater than half (55%) of enormous corporations will not be successfully stopping cyberattacks, discovering and fixing breaches shortly or lowering the impression of breaches, based on a brand new analysis research from Accenture.

SEE: Safety incident response coverage (TechRepublic Premium)

Accenture’s State of Cybersecurity Resilience 2021 research explored the extent to which organizations prioritize safety, the effectiveness of present safety efforts and the way their safety investments are performing. The pandemic served as “a breeding floor for brand spanking new assaults,” based on the research, which was based mostly on a survey of greater than 4,700 executives globally.

There have been on common 270 assaults per firm over the yr, a rise of 31% in contrast with 2020, the Accenture research stated. 

“From run-of-the-mill cybercriminals to stylish nation-state actors, cyber adversaries are getting extra resourceful at discovering new methods to hold out their assaults,” stated Kelly Bissell, who leads Accenture Safety globally, in a press release. “Our evaluation reveals that organizations too typically focus solely on enterprise outcomes on the expense of cybersecurity, creating better danger.”

Whereas getting the steadiness proper is not simple, Bissell added, individuals who have a transparent view of the risk panorama and a powerful alignment on enterprise priorities and outcomes obtain better ranges of cyber resilience.

Battling cyberattackers stays a problem

The research additionally revealed that 4 in 5 respondents (81%) imagine that “staying forward of attackers is a continuing battle, and the price is unsustainable,” a rise from 69% in final yr’s survey. 

On the similar time, whereas 82% of survey respondents stated they elevated their cybersecurity spending this previous yr, the variety of profitable breaches—which embrace unauthorized entry to information, purposes, companies, networks or gadgets—jumped 31% over the earlier yr, to 270 per firm, on common.

SEE: The way to handle passwords: Greatest practices and safety suggestions (free PDF) (TechRepublic)

The report highlights the necessity to prolong cybersecurity efforts past an organization’s personal partitions to its whole ecosystem, noting that oblique assaults akin to profitable breaches to a company via the provision chain—proceed to develop. As an example, regardless of two-thirds (67%) of organizations saying they believed that their ecosystem is safe, oblique assaults accounted for 61% of all cyberattacks this previous yr, up from 44% the prior yr, based on the research.

The way to change into a “cyber champion”

Moreover, the analysis recognized a small group of corporations that Accenture stated not solely excel at cyber resilience but additionally align with the enterprise technique to attain higher enterprise outcomes and return on cybersecurity investments. In contrast with different organizations, these so-called “cyber champions” are way more prone to:

  • strike a steadiness between cybersecurity and enterprise targets
  • report back to the CEO and board of administrators and show a far nearer relationship with the enterprise and CFO
  • seek the advice of typically with CEOs and CFOs when growing their group’s cybersecurity technique
  • shield their group from lack of information
  • embed safety into their cloud initiatives
  • measure the maturity of their cybersecurity program not less than yearly.

Organizations stand to cut back the price of breaches by 48% to 71% in the event that they improve their efficiency to cyber champion ranges, the research stated.

There are three measures executives can take to make their organizations change into extra like cyber champions: give CISOs a seat on the high desk, be threat-centric and business-aligned, and get probably the most out of a safe cloud, based on the research.

Spending extra on cybersecurity with out being carefully aligned to the enterprise does not make a company safer, famous Jacky Fox, group know-how officer at Accenture Safety. “In relation to managing cyber dangers, organizations cannot afford to lean come what may.”

To attain sustained and measurable cyber resilience, CISOs “want to maneuver away from security-focused silos to allow them to collaborate with the precise executives of their organizations to achieve a 360-degree view of the enterprise dangers and priorities,” Fox stated.

Accenture Analysis surveyed 4,744 executives representing corporations with annual revenues of not less than $1 billion in 23 industries and 18 nations throughout North and South America, Europe and Asia Pacific. To outline 4 ranges of cyber resilience, the agency stated it carried out an evaluation on a pattern subset of three,455 organizations, with cyber champions accounting for five% of these. The research was fielded from March to April 2021.

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