While the frequency and severity of cyberattacks against organizations are on the rise, a majority of IT leaders do not feel confident in their leaderships’ ability to leverage intelligence that can predict a cyber vulnerability and effectively combat threats, according to Lockheed Martin.
A majority of survey respondents noted an increase in the severity (75 percent) and frequency (68 percent) of cyberattacks, but feared that they don’t have the budget (64 percent) or the expert personnel (65 percent) to address the threats.
“This survey illuminates areas of concern about cyber readiness across government and critical infrastructure industries,” said Guy Delp, director of cybersecurity and advanced analytics for Lockheed Martin. “The results highlight that the challenges in this domain are universal across both industry and government, and therefore our response needs to be equally holistic.”
Other key findings include:
Many organizations are relying on intuition, rather than intelligence, to assess their security levels: Business and government respondents who felt that they were not presently being targeted for attack relied on their intuition (35 percent) or logical deduction (33 percent) rather than data or intelligence (32 percent) to justify their beliefs.
Whether malicious or negligent, insiders continue to be among the greatest perceived cyber threats: Thirty-six percent of respondents said that negligent insiders were the most significant network vulnerability facing their organization, and more than half (53 percent) ranked malicious insiders in their top four threats.
The most serious risks do not receive the most budget: The top two factors impacting an organization’s cybersecurity posture – employee cyber awareness and supply chain security – receive only four and 15 percent of cybersecurity budgets, respectively. Top budget items, such as mobile and cloud security, are both perceived to be lower threat levels.
“Compliance was rated the top cybersecurity business priority by the survey respondents,” added Delp. “Though somewhat surprising, it is a tell-tale sign that organizations feel the pressure to meet industry security compliance requirements. While satisfying compliance standards is important, organizations should view it as a foundation on which to build a more comprehensive security posture.”