Sunday, January 29, 2023
News
NEWS HOME
»
PRN INDIA
Cybersecurity resilience emerges as top priority as 62 percent of companies say security incidents impacted business operations
  SocialTwist Tell-a-Friend  
   

News Summary:

  • Security resilience is a high priority for 96 percent of executives, and rightfully so, as 62 percent of respondents say their organization experienced a recent security incident
  • Executive support and cultivating a security culture were two of the top three success factors for achieving resilience
  • Adoption of zero trust, secure access service edge, and extended detection and response technologies resulted in significant increases in resilient outcomes

MELBOURNE, Australia, Dec. 7, 2022 /PRNewswire/ -- CISCO LIVE -- Cybersecurity resilience is a top priority for companies as they look to defend against a rapidly evolving threat landscape, according to the latest edition of Cisco's annual Security Outcomes Report launched today.

Cisco's Security Outcomes Report, Volume 3 identifies the top seven success factors that boost enterprise security resilience.

Titled, Security Outcomes Report, Volume 3: Achieving Security Resilience, the study identifies the top seven success factors that boost enterprise security resilience, with a particular focus on cultural, environmental, and solution-based factors that businesses leverage to achieve security. The findings are based on survey responses from over 4,700 participants across 26 countries.

Resilience has emerged as a top priority as a staggering 62 percent of organizations surveyed said they had experienced a security event that impacted business in the past two years. The leading types of incidents were network or data breaches (51.5 percent), network or system outages (51.1 percent), ransomware events (46.7 percent) and distributed denial of service attacks (46.4 percent).

These incidents resulted in severe repercussions for the companies that experienced them, along with the ecosystem of organizations they do business with. The leading impacts cited include IT and communications interruption (62.6 percent), supply chain disruption (43 percent), impaired internal operations (41.4 percent) and lasting brand damage (39.7 percent).

With stakes this high, it is no surprise that 96 percent of executives surveyed for the report said that security resilience is high priority for them. The findings further highlight that the main objectives of security resilience for security leaders and their teams are to prevent incidents, and mitigate losses when they occur.

"Technology is transforming businesses at a scale and speed never seen before. While this is creating new opportunities, it also brings with it challenges, especially on the security front. To be able to tackle these effectively, companies need the ability to anticipate, identify, and withstand cyber threats, and if breached be able to rapidly recover from one. That is what building resilience is all about," said Helen Patton, CISO, Cisco Security Business Group.

"Security, after all, is a risk business. As companies don't secure everything, everywhere, security resilience allows them to focus their security resources on the pieces of the business that add the most value to an organization, and ensure that value is protected," she added.

Seven Success Factors of Security Resilience

This year's report has developed a methodology to generate a security resilience score for the organizations surveyed, and identified seven data-backed success factors. Organizations that had these factors present were among the top 90th percentile of resilient businesses. Conversely, those lacking them placed in the bottom 10th percentile of performers.

The findings of the study underline the fact that security is a human endeavor as leadership, company culture and resourcing have an oversized impact on resilience:

  • Organizations that report poor security support from the C-suite scored 39 percent lower than those with strong executive support.
  • Businesses that report an excellent security culture scored 46 percent higher on average than those without.
  • Companies that maintain extra internal staffing and resources to respond to incidents resulted in a 15 percent boost in resilient outcomes.

In addition, businesses need to take care to reduce complexity when transitioning from on-premise to fully cloud-based environments:

  • Companies whose technology infrastructures are either mostly on-premise or mostly cloud-based had the highest, and nearly identical, security resilience scores. However, businesses that are in the initial stages of transitioning from an on-premise to a hybrid cloud environment saw scores drop between 8.5 and 14 percent depending on how difficult the hybrid environments were to manage.

Finally, adopting and maturing advanced security solutions has significant impacts to resilient outcomes:

  • Companies that reported implementing a mature Zero Trust model saw a 30 percent increase in resilience score compared to those that had none.
  • Advanced extended detection and response capabilities correlated to an incredible 45 percent increase for organizations over those that report having no detection and response solutions.
  • Converging networking and security into a mature, cloud-delivered secure access services edge boosted security resilience scores by 27 percent.

"The Security Outcomes Reports are a study into what works and what doesn't in cybersecurity. The ultimate goal is to cut through the noise in the market by identifying practices that lead to more secure outcomes for defenders," said Jeetu Patel, executive vice president and general manager of security and collaboration at Cisco. "This year we focused on identifying the key factors that elevate the security resilience of a business to among the very best in the industry."    

Additional Resources:

About Cisco  

Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more on  The Newsroom  and follow us on Twitter at  @Cisco.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at  www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

Cisco Logo

Photo - https://mma.prnewswire.com/media/1962775/Cisco_Security_Outcomes_Report.jpg

Logo - https://mma.prnewswire.com/media/813707/Cisco_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/cybersecurity-resilience-emerges-as-top-priority-as-62-percent-of-companies-say-security-incidents-impacted-business-operations-301696315.html

More News by PR Newswire India

Alexander Oelfke, CEO of SKYGROUND Group, announces the Group's new direction in an interview with BERLINER TAGESZEITUNG

IPM India Wholesale Trading Private Limited recognized as Top Employer for fourth Consecutive Year

Yonsei University Hosts the Global Engagement and Empowerment Forum (GEEF) 2023 to Tackle and Resolve Global Crisis

STL continues positive momentum towards global leadership and profitability

Optimum Nutrition launches campaign #thereismoreinallofus focussed on female athletes

CHEP accredited as a Top Employer in India

Godrej Agrovet launches Samadhan for farmers, becomes first Indian company to win IPOS certification

The NEW Shop ropes in Rajkummar Rao as brand ambassador: unveils expansion plans for 10000+ convenience stores by 2030

Woxsen University launches Project Aspiration to empower marginalised adolescent girls

Magic Software's Magic Pathsala Announces Partnership with Kapil Dev's Khushii

Mystore launches ONDC connector for Shopify sellers

PARCOS MEET & GREET WITH NORTHEAST UNITED FC TEAM

Government of Sharjah Honours Partners With NFT Plaque Using SBT Technology for their Support at GITEX Global 2022, becomes world's first to do so

Communicators Make Historic Strides in C-suite Impact

Encora Announces the Acquisition of Excellarate, Strengthening Its Capabilities in HealthTech, FinTech and InsurTech

KellyOCG earns recognition as a John Deere "Partner-level Supplier"

Kohler Co. Celebrates 150 Years of Bold Moves, Creativity, and Impact While Shaping the Next 150 Years of Its Iconic KOHLER Brand

JobzMall Unveils the World's Largest Video Talent Marketplace

Rainwater Charitable Foundation Announces Fourth-Annual Rainwater Prize Winners for Brain Research

THE ROYAL CANADIAN MINT ANNOUNCES NUMISMATIC COIN COLLECTION HONOURING THE LIFE AND REIGN OF QUEEN ELIZABETH II

Frost & Sullivan Awards Nexthink with the 2022 Company of the Year Award for Improving the Digital Employee Experience

Climate Connect Digital - Achieves carbon neutrality for Fiscal Year 2021-2022

Esaote presents the world premiere of its new MyLab™X90 ultrasound device

Going live again at last: Spielwarenmesse 2023 turns into a grand reunion with numerous highlights

Alma, a Sisram Medical company, announces the launch of Alma Duo - an advanced, FDA and CE approved solution that promotes sexual wellness for men and women

This Republic Day, Delve Into the Rich Indian Heritage and Pre-Independence Era Experiences at Noormahal Palace

Crave InfoTech launches SAP BTP-powered cMaintenance for Intelligent Asset Management

Official Global Release of the New Mobile Puzzle Game 'Pucca Puzzle Adventure' on January 26

MedAlliance leads US Sirolimus DEB race: First US Patient enrolled into SELUTION SLR Coronary Sirolimus DEB Study

Global Ride-Hailing Platform inDrive Partners SHIELD to Boost Trust and Fairness

GenKOre Announces Collaboration with a US-based Company on In vivo Gene-editing Therapy

SMMT : 2022 UK car production down but electric vehicle output surges to new record

Scrub Daddy Inc. to partner with Unilever on co-creating innovative cleaning products, partnership to appear on ABC's Shark Tank episode on 01/27/2023

Correction - Health in Transportation Releases New Smartphone Face-Scanning Application Aimed at Uncovering Potentially Serious Health Concerns in Professional Drivers

Breg Partners with Correal International to Provide Orthopedic Products to Physicians & Patients in China

Doodles 2 Launching on Flow, as the Web3 Giant Begins its Journey to Onboard Millions

CO.DON finally saved - investor has taken over the business operations of the Leipzig-based biopharmacy company with an additional location in Teltow, Brandenburg.

Inaugural Event of the TEDxAllianceUniversity Themed 'Beyond Boundaries' was Graced by Inspirational Speakers Who Shared Life Lessons and Ideas Worth Platforming

ZingHR moves into a New Era in 2023 with "Outcomation" the new mantra for Tangible Business Outcomes for Enterprises

PlumCare RWE partners with Lifebit on Greece's newborn genomic sequencing program, BeginNGS

Information Services Group Report Recognizes Armis as a Leader in OT Security for the Third Year in a Row

Intex revolutionizing the market of technology for the next generation with an all-new campaign

Survey by FINFI finds a huge gap between the benefits that employees want and the benefits offered by the employers in India

Aon: Global Insured Losses from Natural Disasters Exceeded $130 Billion in 2022, Driven by Second-Costliest Event on Record

Tive Adds 250+ New Customers & Achieves 80% Year-Over-Year Growth in 2022

Olectra Greentech Limited Unaudited Standalone Q3 FY 22-23 Results

Shutterstock Introduces Generative AI to its All-In-One Creative Platform

Bank of Baroda establishes the 'Bank of Baroda Rashtrabhasha Samman'

Companies Fall Short on Climate Pledges by Failing to Embed Net-Zero Actions Into Operations, Survey Finds

Liberty General Insurance transforms customer experience of over 100,000 customers in CY 2022 through AI enabled Vehicle Inspections - a scalable, low cost & customer centric solution

Manipal Hospital Old Airport Road performs first of its kind plasma filtration for a pregnant woman

Infosys serves up purpose-driven digital innovations with sustainability off-court and AI on-court at the Australian Open 2023

Maple's Biggest Republic Day Sale: iPhone 13 price down to Rs. 59,999 and iPhone 14 at Rs. 67,900

SBM-NMIMS Mumbai Hosts the 8th Conference of Indian Academy of Management

XOR Labs Helps Ethnic Wear Brand Grow by 2.5x in Three Months

National Excellence Awards organized by Kiteskraft Productions

Universal Digital Payments Network (UDPN) is launched to support seamless digital payments across multiple central bank digital currencies and regulated stablecoins

PlatAfrica winners shine during PGI India visit

StockEdge launches India's first AI-powered screening mechanism to automatically identify Chart Patterns in different stocks with StockEdge Pro

Ithra presents new ways to experience and learn about KSA's cultural heritage at the Diriyah Islamic Arts Biennale

Andes Technology Collaborates with LDRA to Deliver Integrated Tool Suite for Safety-Critical Software on Andes RISC-V CPU Solutions

Contextual Advertising Expert Seedtag Enters Indian Market

FlowerAura Foresees Exponential Growth in Sales with its Newly Launched Valentine's Gifts 2023

Despite global slowdown, Asia's economies show resilience and growth for 2023 - according to Asia House's Annual Outlook

Web3 experience like never before: Polkadot Hub is opening in Bali

WDO launches call for proposals to host its World Design Assembly in 2025

Algorand Foundation Appoints Jessica Tsai Chin as Chief Marketing Officer

SEMICON West Makes Two Big Moves - Shifts to October in 2024, Begins Annual Rotation With Phoenix in 2025

CarTrade Tech reports its highest ever quarterly revenue at Rs. 115.86 crores and highest ever quarterly adjusted EBITDA at Rs. 36.60 crores for Q3 FY 23

Top Rated Global Workforce Management Solutions Provider WorkForce Software Welcomes Nicole Neumarker as Chief Technology Officer and Bill Razzino as Chief Financial Officer

UltiMaker Launches the S7 - The New Flagship S-Series 3D Printer

PKWARE Announces New Solution for Securing Sensitive Information within Microsoft Outlook Email

adidas Originals and Bollywood Superstar, Ranveer Singh team up to challenge conventions and hack the old codes of luxury in the latest Spring Summer' 23 campaign

Stamus Networks Appoints Vice President, Customer Solutions

Metabolon Secures $25 Million of Funding to Accelerate Growth

Ninety-two percent of organizations think they need to do more to reassure customers about how their data is used in AI, new Cisco research finds

Fortune Selects Abu Dhabi as Host City of the 2023 Fortune Global Forum

Press Statement: International Day of Education

Altair and TU Delft Sign Campuswide License Agreement

CIO CHOICE 2023 Recognizes Airtel Business - Lavelle Networks as the Most Trusted Brand in SD-WAN Platform

SPJIMR study highlights that family issues pose greater headwinds for small and medium Indian family enterprises than the uncertain and volatile business environment

Barcode Entertainment appoints Ajay Kulkarni as its Business Head

Prudent Corporate Advisory Services Limited AUM crosses noteworthy milestone of â‚ą55,000 crore in Q3FY23

Armis State of Cyberwarfare and Trends Report: 2022-2023 Highlights Global IT and Security Professionals' Sentiment on Cyberwarfare

Credence Security, leading regional VAD, rebrands as 'TRINEXIA' to Drive New Era for Innovation and Cyber Resilience

Hexaware Recognized by ICSI for Excellence in Corporate Governance

Tata AIA Life Insurance Sampoorna Raksha Supreme is now more powerful with Tata AIA Vitality Riders benefits

Aeroitalia Partners with WorldTicket to Expand Options for Travel in the European Region

UST and Leapwork Collaborate to Help Companies Reduce Risks During Digital Transformation

Alstom in India recognised as 'Top Employer' for the third consecutive year

Lighthouse Canton wins 'Best Independent Wealth Manager - Asia Pacific' at Asian Private Banker Awards for Distinction 2022

Bakingo to Expand Capacity & Outreach, Eyeing Substantial Growth in 2023

Crave InfoTech launches white paper on SAP BTP as an intelligent platform

Grower-Owned Hop Supplier and New Zealand Grower Cooperative Enter Global Partnership

TON validators will vote on the suspension of inactive addresses holding a total of over 1bn Toncoin

Vectorworks and Solibri Inside Integration to Save Architects Time and Money

Philips Audio expands its Headphones category with the launch of TAH8506BK

KISS Organises Mega Guardians' Meet

Nanoprecise Applauded by Frost & Sullivan for Preventing Sudden Industrial Equipment Downtime and Related Losses with Its Predictive Maintenance Solution

AG&P PRATHAM LAUNCHES TWO LIQUIFIED AND COMPRESSED NATURAL GAS (LCNG) STATIONS IN KERALA

Frost & Sullivan Recognizes Future-Ready Companies at the India Manufacturing Excellence Awards 2022

CAMLIN FINE SCIENCES LAUNCHES ADORR™ VANILLIN, MANUFACTURES IN INDIA

K-DISC Headquarters setting new example in Energy Conservation

NADA Joins MOBI to Accelerate Zero Trust Innovations for Information Security and Business Automation

Delivering On Our Promise of Universal Education - Education Cannot Wait

Dr. Sujata Seshadrinathan receives Women's Entrepreneur of the Year award for the SAARC region

PreIPO to participate in $250M fundraising round for SPiCE II as SPiCE I named Top VC fund of 2022 in Blockchain Ecosystem

RT-RK integrates mARTini Android container solution on Telechips Dolphin 3

Icelandic ON Power Scales up EV Charging Service Offering with Landis+Gyr Charge Point Management System

The Keyrus Group enters the final phase of making a strategic investment in Sonum International - a European EPM leading player and a specialist in Anaplan®.

ANMI StockTech Survey Reveals Industry Shift towards Tech-Driven Brokerage

ACCEPTANCE PERIOD FOR EXCHANGE OFFER EXTENDED PENDING COMPETITION CLEARANCES

MELANIE GRANT APPOINTED AS NEW EXECUTIVE DIRECTOR OF THE RESPONSIBLE JEWELLERY COUNCIL

Purple Quarter Facilitates the VP of Data Science for WayCool's Tech Arm CENSA

Bakingo Talks about New Launches and Exponential Growth for Valentine's Day 2023

EDS Technologies launches Business Consulting Division for Digital Transformation

OCP Group and India enter a strategic partnership to strengthen food security and confirm their common ambition for an innovative and sustainable agriculture

ReSight Global acquires PeepalDesign, leading UX firm in India

Chinese New Year's greetings from China's Guangdong

INX ANNOUNCES THE LAUNCH OF NEW BOOK, THE INX WAY

ROYAL CANADIAN MINT WINS TWO COIN OF THE YEAR AWARDS, CAPTURING "BEST CROWN" AND "BEST CIRCULATION" COIN CATEGORIES

GameChange Solar Awarded Group of Projects Totaling 2.3 GW for Genius Trackers™ in Florida, USA

Collabera, LLC Welcomes Mike Fromhold as New Chief Executive Officer

Public Interest Registry Launches .GIVING, New Top-Level Domain to Streamline Online Fundraising

BIOMERICS COMPLETES CONNECTICUT EXPANSION

Pixalate Announces December 2022 Top Programmatic Sellers (SSPs) By Market Share For Mobile Advertising Across Google And Apple Platforms

eQ Technologic Joins AWS Partner Network

Global Review 2022: GWM Expands Its Global Layout, Empowered by Forest Ecosystem

Masdar to Develop 5 GW of Renewable Energy Projects to Advance Africa's Clean Energy Objectives

Course5 Intelligence is Great Place To Work® Certified™ Again

Rogers International Commodity Index (RICI®): Weights unchanged but Random Length Lumber Futures contract (CME:LBS) will transition to Lumber Futures contract (CME:LBR) effective with January 2023 roll period

Dangerously unrealistic house rental market has effected the Interstate removalists Sydney, according to City Removalist

Plastindia 2023, Discover 13 French companies under the 'French Fab' excellence brand showcasing innovative solutions and equipment for the plastic industry

OPEC Fund mobilizes US$1 billion for development finance with landmark debut SDG bond

Patent granted for OCUSERT - a breakthrough Glaucoma treatment developed by the team at NMIMS SPPSPTM

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Ankita Bhandari murder case: Polygraph-n...
Woman arrested for creating ruckus outsi...
Both Houses not to have Zero Hour, Quest...
Despite repeated warnings students scree...
J-K: Pulwama ADGP dismisses allegations ...
MP CM announces to give Rs 1,000 a month...
More...    
 
 Top Stories
Mithali Raj appointed mentor and ad... 
Kanye West throws pap's phone in th... 
Australian Open: Sabalenka holds of... 
Int'l conference of liver specialis... 
Woman arrested for creating ruckus ... 
ISL: ATK Mohun Bagan moves to third... 
Link found between multiple scleros... 
Both Houses not to have Zero Hour, ...