77% of Organisations Unprepared for Cyber Attacks!

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Organisations remain unprepared and without a formal plan to respond to cyber security incidents, according to the annual Global Threat Intelligence Report (GTIR) announced by NTT Com Security, an NTT Group company. Analysing global threat trends since 2013, the 2016 report reveals that there has been little improvement in preparedness, with the latest figures indicating a slight increase in organisations that are not properly prepared, despite the rise in security attacks and data breaches.

Pulling information from 24 security operations centres, seven R&D centres, 3.5 trillion logs and 6.2 billion attacks in 2015, the GTIR shows that over the last three years, on average 77% of organisations fall into the ‘unprepared’ category, leaving just 23% with the capability to respond effectively to critical security incidents.

“Prevention and planning for cyber security incidents seems to be stagnating, according to the figures in both the GTIR and our recent Risk:Value report,” says Garry Sidaway, VP Security Strategy & Alliances, NTT Com Security.“This is a real concern and could be down to a number of reasons, not least the possibility of security fatigue – too many high profile security breaches, information overload and conflicting advice – combined with the sheer pace of technology change, lack of investment and increased regulation.

“Facing security challenges that didn’t exist last year, let alone a decade ago, and struggling with a shortfall in information security professionals, many organisations no longer have the necessary skills or resources to cope. Our mantra is prevention is better than cure and get the security basics right, including having a clear, well-communicated incident response plan.”

Although financial services was the leading sector for incident response in previous annual GTIR reports, the retail sector now takes the lead, with 22% of all response engagements, up from 12% the previous year. Retail – a popular target due to processing large volumes of personal information such as credit card details – experienced the highest number of attacks per client.