Security News > 2024 > April > 73% brace for cybersecurity impact on business in the next year or two

The 2024 Cisco Cybersecurity Readiness Index highlights that readiness is down significantly from one year ago, when 15% of companies were ranked mature.

73% of respondents said they expect a cybersecurity incident to disrupt their business in the next 12 to 24 months.

46% of companies said they had more than ten roles related to cybersecurity unfilled in their organization at the time of the survey.

Companies are aware of the challenge and are ramping up their defenses with 52% planning to significantly upgrade their IT infrastructure in the next 12 to 24 months.

Further, 97% of companies plan to increase their cybersecurity budget in the next 12 months, and 86% respondents say their budgets will increase by 10% or more.

To overcome the challenges, companies must accelerate meaningful investments in security, including adoption of innovative security measures and a security platform approach, strengthen their network resilience, establish meaningful use of generative AI, and ramp up recruitment to bridge the cybersecurity skills gap.

News URL

https://www.helpnetsecurity.com/2024/04/02/cybersecurity-risks-readiness-level/