The release of the 360° Cyber Risk Survey Report comes at a critical time. Information technology (IT) is vital to virtually all organizations, regardless of size, industry, or geographic location. It is hard to underestimate the significance IT solutions play in business success. For businesses that offer services or products in the digital age, it is the foundation of their business plans. For all organizations, it provides tangible and intangible benefits, such as improving business processes, empowering informed decision-making, and driving revenue growth.
“Cyber resilience is no longer the domain of IT professionals. It is now the central issue driving the duty of care of boards in both public and private institutions across the world.” Governor Tom Ridge, First U.S Secretary of Homeland Security and 43rd Governor of Pennsylvania.
36% of respondents did not conduct penetration/vulnerability tests
51% of respondents noted that policies and procedures were not implemented
55% of respondents have not identified the sensitive information within their organization
Only 41% of survey respondents indicated that they had some sort of cyber liability insurance