Cisco Study Reveals Very Few Organizations in Canada Prepared to Defend Against Today's Rapidly Evolving Threat Landscape - Seite 2

“The threats we face today will not be the same ones we face tomorrow so Canadian businesses need to evolve to keep up,” said Robert Barton, Chief Technology Officer, Cisco Canada. “The material, financial and reputational consequences can have a serious impact on organizations so cybersecurity readiness must be a business priority, not just a technological one.”

Findings

Overall, the study found that only one per cent of companies in Canada are ready to tackle today’s threats, with 78 per cent of organizations falling into the Beginner or Formative stages of readiness. Globally, 3 per cent of companies are at a Mature stage. Further:

• Future Cyber Incidents Expected: 63 per cent of respondents said they expect a cybersecurity incident to disrupt their business in the next 12 to 24 months. The cost of being unprepared can be substantial, as 43 per cent of respondents said they experienced a cybersecurity incident in the last 12 months, and 46 per cent of those affected said it cost them at least US$300,000.
  
• Point Solution Overload: The traditional approach of adopting multiple cybersecurity point solutions has not delivered effective results, as 72 per cent of respondents admitted that having multiple point solutions slowed down their team’s ability to detect, respond and recover from incidents. This raises significant concerns as 62 per cent of organizations said they have deployed ten or more point solutions in their security stacks, while 17 per cent said they have 30 or more.​
  
• Unsecure and Unmanaged Devices Add Complexity: 78 per cent of companies said their employees access company platforms from unmanaged devices​, and 33 per cent of those spend one-fifth (20 per cent) of their time logged onto company networks from unmanaged devices. ​Additionally, 20 per cent reported that their employees hop between at least six networks over a week.
  
• The Cyber Talent Gap Persists: Progress is being further hampered by critical talent shortages, with 83 per cent of companies highlighting it as an issue. In fact, 35 per cent of companies said they had more than ten roles related to cybersecurity unfilled in their organization at the time of the survey.
  
• Future Cyber Investments Ramping Up: Companies are aware of the challenge and are ramping up their defenses with 40 per cent planning to significantly upgrade their IT infrastructure in the next 12 to 24 months. This is a marked increase from just 25 per cent who planned to do so last year. Most prominently, organizations plan to upgrade existing solutions (67 per cent), deploy new solutions (53 per cent), and invest in AI-driven technologies (50 per cent). Further, 96 per cent of companies expect to increase their cybersecurity budget in the next 12 months, and 78 per cent of respondents say their budgets will increase by 10 per cent or more.