Cybersecurity Resilience Top Priority For Companies Today: Report

New report suggests that Cybersecurity resilience is a top priority for companies as they look to defend against a rapidly evolving threat landscape.

Cybersecurity resilience emerged as top priority as a staggering 62 per cent of organisations surveyed for the study said they had experienced a security event that impacted business in the past two years. The leading types of incidents were network or data breaches (51.5 per cent), network or system outages (51.1 per cent), ransomware events (46.7 per cent) and distributed denial of service attacks (46.4 per cent).

The reports says that these incidents resulted in severe repercussions for the companies that experienced them, along with the ecosystem of organisations they do business with. The leading impacts cited include IT and communications interruption (62.6 per cent), supply chain disruption (43 per cent), impaired internal operations (41.4 per cent) and lasting brand damage (39.7 per cent).

With stakes this high, it is no surprise that 96 per cent of executives surveyed for the report said that security resilience is high priority for them. The findings further highlight that the main objectives of security resilience for security leaders and their teams are to prevent incidents, and mitigate losses when they occur, the Cisco report noted.

In a statement, Helen Patton, CISO, Cisco Security Business Group said, “Security, after all, is a risk business. As companies don't secure everything, everywhere, security resilience allows them to focus their security resources on the pieces of the business that add the most value to an organization, and ensure that value is protected.”