Privacy and Cybersecurity Law reported recently that on March 14, 2018, IBM Security published the results of a new global study on organizational cybersecurity readiness and resiliency entitled "The 2018 Cyber Resilient Organization." The survey includes insights from more than 2,800 security and IT professionals, and establishes that cybersecurity readiness remains a critical challenge for businesses worldwide:
- 77% of respondents admit they do not have a formal cybersecurity incident response plan applied consistently across their organization;
- 77% of respondents report having difficulty retaining and hiring quality IT security professionals;
- 50% of respondents believe their incident response plan is either informal, ad hoc, or non-existent;
- 60% of respondents consider lack of investment in artificial intelligence and machine learning as the biggest barrier to achieving cyber resilience;
- 31% of respondents believe they have an adequate cybersecurity budget in place;
- 29% of respondents report having ideal staffing to achieve cyber resilience; and
- 23% of respondents say they do not currently have a CISO or security leader.
These results pretty much track the results of PricewaterhouseCoopers' Global State of Information Security Survey (GSISS) 2018, which found that of the more than 9,500 senior executives surveyed in 122 countries:
- 67% have an internet of things (IoT) security strategy in place or are currently implementing one;
- 36% have uniform cybersecurity standards and policies for IoT devices and systems;
- 34% have new data collection, retention and destruction policies; and
34% assess device and system interconnectivity and vulnerability across the business ecosystem.
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