Which advances have been made and which opportunities still exist according to the Cisco report?

The subject is still just as hot as ever. Cyber security appears everywhere in speeches and at conferences. This serious risk attracts everyone’s attention. And it causes ongoing fear among company leaders.

Everyone is working hard to avoid cyber attacks. And, above all, to train employees to react quickly and effectively against attempted breaches. Nevertheless, the costs incurred from vulnerabilities in security and data protection systems seem to be stabilizing. And this despite the strong growth in the volume of data stored in the cloud and on servers.

This year, Cisco has once again published its annual report which is based on an extensive survey. It has been conducted among corporate IT leaders with more than 250 employees in 18 countries. This long-awaited report provides us with global trends for 2019.

Artificial Intelligence is no longer as popular

First observation: the hopes placed on Machine Learning, Artificial Intelligence and Automation as ways of reducing or dealing with risk remain high, but are experiencing a slight decline. For example, only 66% of those surveyed (versus 74% in 2018) say they are confident in the capacity of AI to improve information system security.

Hacking is expensive

Regarding the protection of companies against data breaches, whether ongoing hacking or cyber attacks, 51% have generated costs of less than $500,000, while 8% have costs exceeding $5 million. It’s worth noting that these “data breaches” are due to “malware” or to “infected spam” for nearly 90% of respondents.

Not without employees

According to the Cisco report, 80% of company employees in charge of cyber security say they are well-informed and well-trained on current techniques as well as various protection systems. Confidence in the cloud is still very high. Cloud security and protection tools are an effective solution for nearly 93% of respondents (which is certainly good news for Cisco!). A little more than half of respondents think, however, that it’s very difficult to protect the cloud against possible attacks.

Analysis, the key to success

Even if advances in technology protect companies against threats, it’s worth noting that investments remain high. Additionally, a significant need for control of both spending and results must continue for close management of cyber security.

Dashboards, real-time measures of the number of thwarted attacks. For example, must facilitate system improvements and allocation of resources to the right places. In addition, cyber security strategies must be fully integrated into IT departments within three years maximum for 82% of leaders surveyed.

Staff (and/or users) need better training from the time they are first hired, since they’re the ones who appear to be the weakest links in IT security. 49% of leaders consider themselves as not very effective in this regard.

 

To read: Cybersecurity: 9 tips to follow to protect your company