14% of American organisations remain defenceless against cyber threats
News / 14% of American organisations remain defenceless against cyber threats
As cyber security threats continue to loom, some American organisations are continuing to operate without adequate defence strategies or response plans.
According to a survey, in 2021 98% of U.S. executives revealed that their organisations had experienced at least one cyber security incident in the last year - compared to 84% outside the U.S. Despite the high incident rate, 14% of these organisations stated that they do not have cyber defence plans in place as opposed to the 6% that gave this answer in other countries.
The names of the American participants who took part in the survey remain undisclosed, although they were all from major organisations with annual revenues ranging between $500 million and $30 billion. Many of the participants attributed the growing threat landscape to the Covid-19 crisis.
The aim of the survey conducted was to understand and compare the cyber security preparations of U.S. and non-U.S. companies. According to the American companies impacted by cyber incidents, over the last year the impacts caused operational disruption, management change, intellectual property theft, and the loss of customer trust.
Strong cyber security measures and proper threat management could have prevented these outcomes, however inability to catch up to rapidly changing technologies and poor prioritization of cyber risks can also act as an obstacle for mitigation efforts.
Human error has also come to the forefront when reviewing digital advancement as well as the transition to remote working. Nearly 30% of businesses are more concerned about cyber threats from the unintended errors of their employees than they are about malware or phishing scams.
15% of participants said that they had no way to monitor or mitigate employee risk and 44% said that they rely on leadership to monitor employee behaviour. The remaining 41% said they used Artificial Intelligence or Machine learning tools to assess risks and mitigate threats.
New technologies such as Artificial Intelligence and Machine Learning tools can help to identify and mitigate cyber threats that employees, vendors, or others may, intentionally or unintentionally, cause in organisational systems. These types of frameworks can offer considerable support far beyond security systems alone and beyond the capabilities of cyber security teams, who can’t always isolate threats.
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