Monday, June 5, 2023

Only 7% of Spanish organizations are mature enough to face the main cyber threat

Spanish communities generally have a lack of preparation for the main risks in the protection of data, privacy, devices, network and identity verification, since only 7 percent can be considered mature in cybersecurity.

This is evident from the report “Cisco Cybersecurity Readiness Index” presented this Wednesday, which, based on a survey of 6,700 cybersecurity managers from 27 countries (including Spain), evaluates the preparedness of companies in the five fundamental pillars of cybersecurity: identity, devices, network. application of labor and data.

Two parts of Spanish Institutes are in the beginning (8%) or formative (59%) phases, which means that their level of preparation is below the global average. Only 33 percent reach the advanced (26%) and mature (7%) levels.

Globally, more than half of the companies (55%) are in the beginning (8%) or formation (47%) stages, while 45 percent are at the progressive (30%) and mature (15%) stages.

Encoding these data, 83 percent of those surveyed in Spain expect cyber security incidents to disrupt their business in the next twelve to 24 months, a figure not far from that achieved globally, with eight out of ten companies in the world (82. %) Expecting serious cyber security incidents suffer in the space of one to two years.

It has an unprepared cost: last year, one in two Spanish organizations suffered a breach or cyberattack with a financial cost of at least 100,000 dollars (about 92,000 euros) for 56 percent. A global average of 60 percent already had to meet economic losses, which four out of ten (41%) exceed $ 500,000 (around 461,000 coins).

“Organizations have moved from a static operating model to a hybrid world, in which people work from multiple devices in multiple locations, connecting to multiple networks and applications, and generating huge amounts of data,” said the Cybersecurity Director. from Cisco Spain, Angel Ortiz in the presentation of the report.

In this new situation, in which “threats are present everywhere”, Ortiz indicates that “society has to rethink its strategy. Isolated remotes are no longer effective, resilience, which is the power to verify threats”, must be understood to skip the links. organization, and see the full context of any incident to prioritize the response.”

Preparation in five columns

The capacity of the company can be measured in five columns, one of which is the number of devices connected to the network, such as smartphones, computers or tablets. In this case, the report indicates that 28 percent of Spanish companies are at an age of maturity to face risks from these elements, compared to 31 percent worldwide.

16 percent of Spanish companies (22% globally) are at an age of maturity given to protection, while only 11 percent are for the challenges posed by identity verification (20% overall average).

With regard to network security, 11 percent of Spanish companies are also in the perfect age (19% worldwide), although in the workload column where fewer companies are found prepared: 5 percent, compared to 12 percent overall.

Despite this information, those responsible for information security (CISO) are aware of the risks and want to invest in cybersecurity: eight out of ten Spanish organizations (81%) plan to increase their budget by at least 10 percent in the next twelve months. (86% global average) and 95 percent expect IT infrastructure upgrades in the next two years (93% global).

Nation World News Desk
Nation World News Desk
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