How prepared are organizations when it comes to withstanding and recovering from a cyberattack? The fourth annual benchmark study on Cyber Resilience by IBM Security and the Ponemon Institute showed that 77 percent of them are still do not have a cybersecurity incident response plan applied consistently across the enterprise.
Of the organizations surveyed that do have a plan in place, more than half (54%) do not test their plans regularly, which can leave them less prepared to effectively manage the complex processes and coordination that must take place in the wake of an attack.
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The difficulty cybersecurity teams are facing in implementing a cyber security incident response plan has also impacted businesses’ compliance with the General Data Protection Regulation (GDPR). Nearly half of respondents (46%) say their organization has yet to realize full compliance with GDPR, even as the one-year anniversary of the legislation quickly approaches.
While studies show that companies who can respond quickly and efficiently to contain a cyberattack within 30 days save over $1 million on the total cost of a data breach on average, shortfalls in proper cybersecurity incident response planning have remained consistent over the past four years of the study.
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