Companies are vulnerable to cyber attacks – international survey

By: Trademagazin Date: 2023. 10. 25. 11:07

On average, companies had to deal with more than 40 attempted cyberattacks last year, and one successful break-in can cause up to $4 million in damage, according to an international research conducted by EY 500 involving senior executives and IT security specialists. The cases are becoming more frequent, and the value of the loss to companies may even increase tenfold in the coming years.

According to the vast majority of respondents (76%), it takes at least half a year to detect and eliminate damage caused by cyber attacks. The biggest challenge for companies is the protection of countless penetration interfaces (52%), as well as ensuring that security measures do not come at the expense of innovation, which is the key to growth (50%).

Only a fifth of the respondents consider the companies’ preparedness to be adequate. According to half of the professionals, the training provided by the organization is not effective enough, and only a third (36%) are satisfied with the way the recommended data protection procedures are applied in the company on a daily basis.