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By apacciooutlook | Friday, September 20, 2019
FREMONT, CA: Accenture unveils a latest report on cybersecurity threats in enterprises and finds one-third of the targeted attacks resulting in actual security breach. The report “Building Confidence: Facing the Cybersecurity Conundrum," further finds 75 percent of security executives confident in their ability to tackle the cyber attacks.
The survey of 2000 enterprises across 15 countries reveals that enterprises take months to detect the security breaches with one-third of them remaining undiscovered by the security experts. The report further finds that organisations are not equipped with effective technology to counter the cyber attacks and are more focused to counter the end result.
The constant rise of cyber attacks has compelled organisations to incorporate advanced security measures and spend more on the security awareness program. Accenture research report finds only 44 percent-54 percent of respondents increasing their portfolio on cyber security to tackle the cyber threats. The report also finds very few companies (17 percent) investing on cybersecurity training and for protection against financial losses (28 percent).
The report reveals that organisations in Germany (52 percent) and U.K. (50 percent) to be most confident of countering the security breaches. The enterprise in U.S. (8 percent) and Australia (7.6 percent) spends least in cyber security programs. The report also states that France, Australia and the US are least confident in their ability to fight against security breach with France spending only 9.4 percent of their entire IT budget on cybersecurity.
“Cyberattacks are a constant operational reality across every industry today and our survey reveals that catching criminal behavior requires more than the best practices and perspectives of the past. There needs to be a fundamentally different approach to security protection starting with identifying and prioritizing key company assets across the entire value chain,” says Kevin Richards, Managing Director, Accenture Security, North America. “It is also clear that the need for organizations to take a comprehensive end-to-end approach to digital security – one that integrates cyber defense deeply into the enterprise – has never been greater.”
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