Global Cybersecurity Readiness Index: Alarming Rise in Cyber Incidents Expected

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More than half of organizations worldwide have fallen victim to cyberattacks in the past year, according to the latest Cybersecurity Readiness Index from Cisco. The report reveals that 53 percent of respondents experienced a cyber incident, with 73 percent anticipating a cybersecurity breach within the next 12-24 months.

Unfortunately, the level of readiness to combat these threats has decreased compared to the previous year, with only three percent of organizations possessing a mature security posture capable of defending against modern cyber threats. This represents a decrease of 12 percent from the previous year.

One of the contributing factors to this vulnerability is the prevalence of unsecure and unmanaged devices within companies. An alarming 85 percent of organizations reported that their employees access company platforms from unmanaged devices, with 43 percent spending a significant portion of their time logged onto company networks from these devices. Moreover, 29 percent of employees admit to connecting to at least six different networks within a week.

Compounding these challenges is the shortage of cybersecurity talent, with 87 percent of companies citing it as a significant issue. Nearly half of organizations revealed that they had more than ten cybersecurity-related roles unfilled at the time of the survey.

Jeetu Patel, executive vice president and general manager of security and collaboration at Cisco, emphasized the importance of prioritizing investments in integrated platforms and leveraging AI to operate at machine scale. This approach is crucial to tipping the scales in favor of defenders amidst the growing threat of cyberattacks.

Despite these challenges, companies are ramping up their cybersecurity defenses, with 52 percent planning to upgrade their IT infrastructure significantly in the next one to two years. Most organizations intend to upgrade existing solutions, deploy new technologies, and invest in AI-driven security measures.

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Furthermore, 97 percent of companies plan to increase their cybersecurity budgets in the next 12 months, with 86 percent expecting a budget increase of 10 percent or more. These developments underscore the growing awareness of the cybersecurity threat landscape and the necessity of proactive measures to safeguard organizational data and assets.

Frequently Asked Questions (FAQs) Related to the Above News

What is the Global Cybersecurity Readiness Index?

The Global Cybersecurity Readiness Index is a report released by Cisco that measures the cybersecurity preparedness of organizations worldwide.

How many organizations experienced a cyber incident in the past year according to the latest Cybersecurity Readiness Index?

According to the report, 53 percent of organizations experienced a cyber incident in the past year.

What percentage of organizations anticipate a cybersecurity breach within the next 12-24 months?

The report reveals that 73 percent of organizations anticipate a cybersecurity breach within the next 12-24 months.

How has the level of readiness to combat cyber threats changed compared to the previous year?

The report shows that the readiness to combat cyber threats has decreased, with only three percent of organizations possessing a mature security posture, which represents a 12 percent decrease from the previous year.

What are some contributing factors to organizations' vulnerability to cyber threats?

Some contributing factors include the prevalence of unsecure and unmanaged devices within companies, a shortage of cybersecurity talent, and employees accessing company platforms from unmanaged devices.

What is the importance of investing in integrated platforms and leveraging AI in cybersecurity defense?

Jeetu Patel, executive vice president and general manager of security and collaboration at Cisco, emphasizes the importance of prioritizing investments in integrated platforms and leveraging AI to operate at machine scale to defend against cyber threats.

What are some proactive measures organizations are taking to ramp up their cybersecurity defenses?

Organizations are planning to upgrade their IT infrastructure significantly, deploy new technologies, invest in AI-driven security measures, and increase their cybersecurity budgets in the next 12 months to safeguard organizational data and assets.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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