Making the Case for a Better Cyber Resilience Plan
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Making the Case for a Better Cyber Resilience Plan
Managed security service providers can offer intrusion detection, firewalls and virus/spam blocking, and help companies improve their business continuity and cyber resilience plans. -
Cyber-Attack Frequency Rate
66% of respondents report at least one cyber incident in the last 12 months, and 15% had 10-plus incidents during the same period of time. -
Root Cause for Attack
The top sources of cyber disruptions include phishing and social engineering (61%), malware (45%), spear-phishing attacks (37%), denial of service (24%) and outdated software (21%). -
Slow Recovery From Cyber-Attacks
Although 31% of organizations report responding to a cyber incident within one hour, it took four hours or more for 19% of organizations. -
Security Champions
55% of respondents report a commitment to cyber resilience by top management. -
Business Continuity Planning
75% of respondents have business continuity plans related to cyber incidents. -
Bad News
19% of organizations do not validate their plans for cyber incidents. However, 49% provide outcome reports and action plans, exercises (43%) and awareness raising seminars (41%). -
Team Work
42% of recent incidents were discovered by IT personnel, versus 26% that were discovered by virus notification software. -
Cost of Incidents
73% of respondents report total costs for cyber incidents in the past 12 months of about $55,000 (less than 50,000 euros), but 6% report annual costs of about $550,600 (more than 500,000 euros). -
Security Response
The most popular cyber resilience methods include using antivirus software and applications (72%), followed by deploying dedicated IT/information security teams (64%), using network monitoring software or applications (63%), aligning to a recognized standard, such as ISO 22301 and ISO 27001 (51%), and deploying a comprehensive business continuity management program (50%).
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Microsoft Taps Channel for Digital Business 
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Channel's Transition to the Cloud Requires More Time 
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Defining MSPs' Goals, Challenges and Tools 
Why Metrics Matter to the Channel Cyber-attacks on companies of all sizes continue to grow, fueling a greater need for businesses to step up their plans to mitigate and recover from these threats. A recent global survey reveals that 66 percent of the 369 business continuity and resilience professionals surveyed reported at least one cyber incident in the previous 12 months, and 15 percent faced at least 10 incidents. The Cyber Resilience Report, conducted by the Business Continuity Institute and sponsored by Crises Control, also finds that some companies are still slow to respond to cyber incidents, which can result in a major disruption to business. One finding shows that 19% of organizations take four hours or more to respond, which is unacceptable by most standards. Organizations can turn to managed security service providers if they lack the resources or skill sets in-house. In addition to providing services such as intrusion detection, firewalls, and virus/spam blocking, they also can work with companies to help them improve their business continuity and cyber resilience plans. Key survey takeaways show a need at many companies for better communications, collaboration, plan validation and security leadership.