ARE BUSINESSES READY FOR 'GATHERING CYBER STORM'? | Martin Lee

Podcast Radio Business Interviews

Martin Lee, Technical Lead of Security Research, Talos UK talks to Clayton M. Coke of Podcast Radio Business to discuss how the the hybrid approach to company organisation, and the blurring of business boundaries posing new risks to organisations around the world, both large and small.

82% of businesses are expecting a cybersecurity incident to disrupt their operations in the next two years, while 60% experienced an incident within the last 12 months – costing 41% at least $500,000.

However, only 15% globally have a cybersecurity posture ‘mature’ enough to defend against these developing threats, according to the Cisco Cybersecurity Readiness Index: Resilience in a Hybrid World released on TUESDAY 21st MARCH 2023 which classifies organisations into four categories: Beginner, Formative, Progressive, and Mature. While only 15% are Mature, more than half fall into the Beginner (8%) orFormative (47%) stages, meaning they are performing below average on cybersecurity readiness.

Closing this ‘readiness gap’ should become a global imperative and top priority for business leaders, according to Cisco, who is urging businesses to be proactive and act sooner, rather than later. To attain resilience, firms require telemetry across ecosystems, active monitoring and filtering, actionable intelligence and expertise, risk-based contextual analysis and trust assessment, an open platform across users/devices/networks/ applications, and optimised efficacy to spring back faster.