IBM Study: Organizations Still Not Prepared for Security Events

A new survey from conducted by Ponemon Institute and sponsored by IBM Resilient finds that 77% of the firms surveyed lack proper incident response plans; while 69% say that funding for ‘cyber resiliency’ is insufficient.

Despite this lack of formal planning, 72% of organizations report feeling more cyber resilient today than they were last year. Highly resilient organizations (61%) attribute their confidence to their ability to hire skilled personnel – but organizations need both technology and people to be Cyber Resilient. In fact, 60% of respondents consider a lack of investment in AI and machine learning as the biggest barrier to Cyber Resilience. This confidence may be misplaced, with the analysis revealing that 57% of respondents said the time to resolve an incident has increased, while 65% reported the severity of the attacks has increased.

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