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Leading network visibility and security intelligence firm Lancope, Inc., have announced the results of a Ponemon Institute report entitled, “Cyber Security Incident Response: Are we as prepared as we think?” Findings show that while security threats are imminent, CEOs and other members of the management team are in the dark about potential cyber-attacks against their companies. The research also shows that, as a result, Computer Security Incident Response Teams (CSIRTs) often lack the resources necessary to fend off the continuous onslaught of advanced threats facing today’s organizations.
Commissioned by Lancope, the Ponemon Institute research surveyed 674 IT and IT security professionals in the United States and the United Kingdom who are involved in their organisation’s CSIRT activities. The study concludes with key recommendations for organisations looking to improve their incident response process.
Key findings from the study include:
“The findings of our research suggest that companies are not always making the right investments in incident response,” said Dr. Larry Ponemon, chairman and founder of the Ponemon Institute. “As a result, they may not be as prepared as they should be to respond to security incidents. One recommendation is for organisations to elevate the importance of incident response and make it a critical component of their overall business strategy.”
“If 2013 is any indication, today’s enterprises are ill-equipped to identify and halt sophisticated attacks launched by nation-states, malicious outsiders and determined insiders,” said Mike Potts, president and CEO of Lancope. “Now is the time for C-level executives and IT decision-makers to come together and develop stronger, more comprehensive plans for incident response. This communication is critical if we want to reduce the astounding frequency of high-profile data breaches and damaging corporate losses we are seeing in the media on a near-daily basis.”
About the author
Edward has learned much of what he knows from over ten years’ experience writing and producing content for the web across a variety of topics, including leadership, technology, communication, productivity, insurance and finance. The rest he has picked up from watching far too much television.
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) is the leading provider of education, training and professional development services to the insurance and financial services industry in Australia, New Zealand and the Asia Pacific region. For more information visit www.theinstitute.com.au