Global Firms Struggle to Evaluate Cyber Risk Exposure
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Global Firms Struggle to Evaluate Cyber Risk Exposure

Global cybersecurity firm Trend Micro reveals unsatisfactory cyber risk assessments of international organizations. The firm commissioned Sapio Research to interview 6297 IT (Information Technology) and business decision makers across 29

  • PublishedJuly 28, 2022

Global cybersecurity firm Trend Micro reveals unsatisfactory cyber risk assessments of international organizations. The firm commissioned Sapio Research to interview 6297 IT (Information Technology) and business decision makers across 29 countries to compile the study.

The study states that 54 percent of the organizations across the globe are exposed to ransomware, phishing, IoT, and other threats due to overly complex tech stacks.

Besides this, 28 percent of the organizations are finding it difficult to manually approach surface mapping, and 32 percent report difficulty working with multiple tech stacks, with a mere 40 percent being able to accurately detail risk assessments such as risk levels for individual assets; attack attempt frequency; attack attempt trends; the impact of a breach on any area; industry benchmarks; and preventative action plans for specific vulnerabilities.

Bharat Mistry, Technical Director at Trend Micro, said, “We already knew that organizations are concerned about a fast-expanding digital attack surface with limited visibility. Now we know they need urgent help to discover and manage cyber risk across this environment. In many cases, the challenge is compounded by siloed point solutions. Organizations must search for a single platform that gives them the certainty and security they require.”

The incompetency of organizations to accurately assess attacks keeps business leaders in the dark, leading a mere 3 percent of leaders to believe that their C-suite has a thorough knowledge of cyber risk. Therefore, there’s ample room for organizations to leverage third-party expertise.

Thirty-nine percent of respondents are already invested in a platform-based approach to attack surface management, while half of the respondents say they would like to do the same. Of those who have already made a move, improved visibility (38 percent), faster breach detection (35 percent), and accelerated response (34 percent) are the most cited advantages.

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