Get A Cybersecurity Report Card

More security news The vast majority of organisations don’t have a cybersecurity strategy, leaving them unable to protect against attacks due to a lack of both budget and skills. Despite a year of high-profile cybersecurity incidents including the WannaCry ransomware outbreak, many organisations still lag behind when it comes to cybersecurity. A new report, Cyber Readiness by insurance and underwriting firm Hiscox has found 73 percent of organisations have major shortcomings in their readiness to protect against cyber-attacks. “As an end of term report, it might have the words ‘can do better’ scrawled on it in red ink,” said Gareth Wharton, cyber CEO at Hiscox. Part of the problem lies with a shortage of cybersecurity professionals, with organisations left trying their best to ensure their networks are safe, but often without the necessary staff required to do so. “The cyber threat itself is set to grow in volume and severity, as criminal groups gain access to more sophisticated tools and become more reckless. The rapid growth of the ‘internet of things’ will amplify insecurities by adding millions of new devices with minimal built-in security,” said Robert Hannigan, former director of GCHQ and an advisor to Hiscox. “For those trying to protect against attack, the shortage of cyber skills will continue to be chronic,” he added. Free PDF download: Incident response policy The report claims that a common problem across organisations is that many still view cybersecurity as a technology problem. While the data by Hiscox suggests that those who spend more on cybersecurity are in a better position to fend off attacks — organisations which spent twice as much as the $9.9m average IT budget were found to devote a higher percentage of those funds to security and were more resistant to attacks — there’s still an issue around ensuring…

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