When a cyberattack occurs, most organizations are unprepared and do not have a consistent incident response plan.
That’s the major takeaway from IBM's third annual “Cyber Resilient Organization” study, conducted by the Ponemon Institute. The study revealed that 77 percent of respondents still lack a formal cybersecurity incident response plan (CSIRP) that is applied consistently across the organization, a figure that is largely unchanged from the previous year’s study.
Despite this, organizations reported feeling much more cyber-resilient than they did last year. Seventy-two percent said as much, which is a notable increase from just over half of respondents who said they felt more cyber-resilient the previous year.
Digging deeper into the data, however, that feeling may not be accurate. The following findings from the Ponemon study paint a different picture:
It’s imperative that organizations address these challenges in 2018. Cyberattacks can have large costs associations, such as with WannaCry and NotPetya, and the General Data Protection Regulation (GDPR) is quickly approaching. Not only do organizations lack a consistent incident response plan — a GDPR requirement — but most reported low levels of confidence in complying with GDPR.
Based on the findings of the Ponemon report, organizations can improve their cyber resilience by arming employees with the most modern tools available to aid their work, such as AI and machine learning. Implementing a strategy that orchestrates human intelligence with these tools can help organizations create effective incident response plans.
To learn more about the full results of the Ponemon report, download “The Third Annual Study on the Cyber Resilient Organization” here.