The epidemic of security breaches is escalating globally across all sectors of business, yet only half of CISOs and CIOs are ready with a crisis contingency plan and have the secure communications to implement one. What are we waiting for? After many high-profile cyber attacks that have brought down brands like Equifax, JP Morgan Chase and Yahoo!, most companies still haven’t implemented a company-wide crisis strategy. According to a recent global study conducted by Ponemon for IBM Resilient, 77 percent of respondents admit they don’t have a formal cybersecurity incident response plan (CSIRP) that is applied across their organizations, despite 65 percent agreeing that the severity of cyber attacks has increased and part of the severity stems from the longevity it takes to rebuild communications and infrastructure. Regardless of clear awareness of the risks and skyrocketing damages to companies who have suffered a cyber attack – which are expected to […]
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