Almost All US Organizations Experienced a Cyber Event in the Past Year
The study, which surveyed 577 C-suite executives worldwide on their organization’s cybersecurity programs, also found that a huge proportion (86%) of US companies faced increased cyber-threats due to COVID-19. Interestingly, a significantly lower proportion (63%) of non-US executives reported experiencing an increased rate of attacks during the pandemic.
US executives also revealed a wide range of business impacts arising from cyber incidents or breaches in the past year. These included operational disruption (28%), share price drop (24%), leadership change (23%), intellectual property theft (22%) and loss of consumer trust (22%).
Despite this, 14% of US executives admitted their organization has no cyber-threat defense plans, which compares to just 6% of non-US executives.
According to the survey, the three biggest barriers to US organizations’ cybersecurity management programs were increases in data management, perimeter and complexities (38%), inability to match rapid technological changes (35%) and a need for better prioritization of cyber-risk across the enterprise (31%).
Another major security challenge for US companies is