Cisco Annual Security Report Reveals a Decline in Defender Confidence

By 121 News

Chandigarh 22^nd January:-The Cisco® 2016 Annual Security Report released today, which examines threat intelligence and cyber security trends, reveals that only 45 percent of organizations worldwide are confident in their security posture as today's attackers launch more sophisticated, bold and resilient campaigns.

While executives may be uncertain about their security strength, 92 percent of them agree that regulators and investors will expect companies to manage cyber security risk exposure. These leaders are increasing measures to secure their organizations' future, particularly as they digitize their operations.

The report highlights the challenges businesses face due to the rapid advancements of attackers. Hackers increasingly tap into legitimate resources to launch effective campaigns for profit-gain. Additionally, direct attacks by cyber criminals, leveraging ransom ware alone, put $34 million a year per campaign into their hands. These miscreants continue to operate unconstrained by regulatory barriers.

Businesses are up against security challenges that inhibit their ability to detect, mitigate and recover from common and professional cyber attacks. Aging infrastructure and outdated organizational structure and practices are putting them at risk.

The study sounds a global call-to-arms for greater collaboration and investment in the processes, technologies and people to protect against industrialized adversaries.