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A rising variety of CEOs are beginning to understand that cyberattacks are a much bigger existential menace than financial uncertainty, a brand new report from Palo Alto Networks has claimed
Based mostly on a survey of two,500 CEOs from the UK, Germany, France, Brazil, and the United Arab Emirates (UAE), Palo Alto discovered that CEOs worry what they don’t know, whereas many don’t even suppose they’re chargeable for their group’s cybersecurity posture.
Nonetheless, this hasn’t led to a drop in confidence, as the bulk consider they’re well-prepared for a cyberattack situation.
Sleepless nights
The report discovered 51% of CEOS suppose that because the dangers of cyberattacks rise quickly, their skill to maintain their companies’ endpoints secure retains them awake at night time.
The bulk don’t even know what they’re up towards, as roughly one in six (16%) really feel they fully perceive the dangers their companies are going through. A fifth (21%) take into account themselves wholly responsibly for his or her group’s cybersecurity, whereas 1 / 4 (24%) see it because the job of the Chief Data Officer (CIO), however they do see themselves as considerably accountable, too.
However the overwhelming majority suppose they’re effectively ready. Nearly 4 in 5 (78%) are assured of their (full and examined) plans for menace safety and recoverability, with 74% stating their companies can simply adapt to altering threats. On the identical time, only a third (36%) would work with an incident response staff in case of an assault, and 34% would pay the ransom in case of a ransomware assault.
Cybersecurity consultants and legislation enforcement businesses are vehemently towards paying the ransom, and advocate the usage of (probably airgapped) backup options. Paying the ransom demand doesn’t assure the enterprise will get their knowledge again, and doesn’t assure they gained’t get attacked (by the identical, or a totally completely different menace actor) as quickly as tomorrow. The one factor they’re doing is funding future ransomware operations and exacerbating the issue. Nonetheless, many companies do it as a result of they see it because the quickest technique to resume operations.
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