Has home working, ballooning threats from rogue states and criminal groups, and low understanding of what companies actually need to defend themselves created a ‘perfect storm’ in cybersecurity?
A new report from Savanti claims that attacks from nation state actors have increased and are now more likely to target private companies than government agencies.
Of those polled in the report, 90% of organisations believe they have been targeted by a nation state threat actor, with 39% citing Russia and 44% China.
Globally, cybercrime is predicted to increase by 15%, reaching more than £12 trillion annually by 2025 – which would make it the world’s third-largest economy behind China and the US.
Savanti’s report outlines how low levels of understanding about cybersecurity amongst company leaders results in isolated, technically-focused approaches that fail to deliver holistic security and risk management.
The report finds that, most crucially, Chief Information Security Officers (CISOs) are hired, managed and evaluated as technical experts rather than business leaders – a skills gap that is leaving companies increasingly vulnerable to…
