PARCA eNews – Nov. 2, 2016 – A new security survey from Accenture found that in the past twelve months, roughly one in three targeted cyber attacks resulted in an actual security breach, which equates to two to three effective attacks per month for the average company. Nevertheless 75 percent of security executives surveyed are confident in their ability to protect their enterprises from cyber attacks.
While the report focused only on the largest international companies with annual revenues of $1 billion or more in 15 countries, it may carry some cautions for healthcare companies, which have seen cyber security attacks increasing.
The study, titled “Building Confidence: Facing the Cyber security Conundrum," surveyed 2,000 enterprise security practitioners representing the companies about their perceptions of cyber risks, the effectiveness of current security efforts and the adequacy of existing investments.
Among the findings, what has been done in the past is not working:
- More than half of executives (51 percent) disclosed that it takes months to detect sophisticated breaches, and as many as a third of all successful breaches are not discovered at all by the security team.
- Only slightly more than one-third (37 percent) of respondents say they are confident in their ability to perform the essential activity of monitoring for breaches and only a similar number (36 percent) say the same about minimizing disruptions.
- Organizations in Australia and the US spend the lowest amount on cyber security, as a percent of their total IT budget. (8 percent in the US; 7.6 percent in Australia).
- Organizations in France spend the most (9.4 percent) of their total IT budget on cyber security compared to the global average of 8.2 percent.
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