Sep 27, 2024
Cisco study shows that just 1% of Philippine Companies Fully Prepared for Cybersecurity Risks
The 2024 Cybersecurity Readiness Index of Cisco revealed that only 1% are ready now against the current cybersecurity threats.
Most organizations or 64% are in the beginner and formative stages of preparation. A step back from 27% in the prior year, this current data point represents a deceleration of what is now an average 3% worldwide.
Based on the results of a double-blind study conducted among over 8,000 private sector security and business professionals in 30 global marketplaces, organizations were categorized as beginner, formative, progressive, and mature.
Fig. 1: Overall Readiness Chart
Business organizations need to embrace a platform approach that offers a simplified, safe, single pane of glass view of their architecture. This will boost the security posture and help organizations harness all potential emerging technologies hold.
With 66% of firms reporting they have installed at least 10 point solutions in their security stacks, the majority of respondents, or 76%, acknowledged that having many point solutions slowed down their team's ability to identify, respond, and recover from incidents.
According to Cisco, 85% of respondents stated that their staff members use unmanaged devices to access company platforms, and 38% of them log onto company networks from unmanaged devices for a fifth of their workday.
According to the survey, 68% of businesses intend to increase their IT infrastructure during the next two years, up from 54% the previous year.
Jeetu Patel, general manager of security and cooperation at Cisco and executive vice president, stated, "We cannot underestimate the threat posed by our own overconfidence. Today's organizations need to prioritize investments in integrated platforms and lean into AI in order to operate at machine scale and finally tip the scales in the favor of defenders.” References: https://newsroom.cisco.com/c/dam/r/newsroom/en/us/interactive/cybersecurity-readiness-index/documents/Cisco_Cybersecurity_Readiness_PH.pdf https://backendnews.net/cisco-study-reveals-only-1-of-ph-organizations-are-ready-for-cyber-attacks/