Cybersecurity resilience emerges as top priority as 62 percent of companies say security incidents impacted business operations

News Summary:

• Security resilience is a high priority for 96 percent of executives, and rightfully so, as 62 percent of respondents say their organization experienced a recent security incident
• Executive support and cultivating a security culture were two of the top three success factors for achieving resilience
• Adoption of zero trust, secure access service edge, and extended detection and response technologies resulted in significant increases in resilient outcomes

MELBOURNE, Australia, Dec. 7, 2022 /PRNewswire/ -- CISCO LIVE -- Cybersecurity resilience is a top priority for companies as they look to defend against a rapidly evolving threat landscape, according to the latest edition of Cisco's annual Security Outcomes Report launched today.

Titled, Security Outcomes Report, Volume 3: Achieving Security Resilience, the study identifies the top seven success factors that boost enterprise security resilience, with a particular focus on cultural, environmental, and solution-based factors that businesses leverage to achieve security. The findings are based on survey responses from over 4,700 participants across 26 countries.

Resilience has emerged as a top priority as a staggering 62 percent of organizations surveyed said they had experienced a security event that impacted business in the past two years. The leading types of incidents were network or data breaches (51.5 percent), network or system outages (51.1 percent), ransomware events (46.7 percent) and distributed denial of service attacks (46.4 percent).

These incidents resulted in severe repercussions for the companies that experienced them, along with the ecosystem of organizations they do business with. The leading impacts cited include IT and communications interruption (62.6 percent), supply chain disruption (43 percent), impaired internal operations (41.4 percent) and lasting brand damage (39.7 percent).

With stakes this high, it is no surprise that 96 percent of executives surveyed for the report said that security resilience is high priority for them. The findings further highlight that the main objectives of security resilience for security leaders and their teams are to prevent incidents, and mitigate losses when they occur.

"Technology is transforming businesses at a scale and speed never seen before. While this is creating new opportunities, it also brings with it challenges, especially on the security front. To be able to tackle these effectively, companies need the ability to anticipate, identify, and withstand cyber threats, and if breached be able to rapidly recover from one. That is what building resilience is all about," said Helen Patton, CISO, Cisco Security Business Group.