KUALA LUMPUR: In the latest edition of Cisco's annual study titled, Security Outcomes Report, Volume 3: Achieving Security Resilience, cybersecurity resilience remains as top priority for companies in Malaysia – based on survey responses from over 4,700 participants across 26 countries.
"Technology is transforming businesses at a scale and speed never seen before. While this is creating new opportunities, it also brings with it challenges, especially on the security front. To be able to tackle these effectively, companies need the ability to anticipate, identify, and withstand cyber threats, and if breached be able to rapidly recover from one. That is what building resilience is all about," said Cisco Business Security Group's chief information security officer, Helen Patton.
The study also identifies top seven success factors that boost enterprise security resilience, with a particular focus on cultural, environmental, and solution-based factors that businesses leverage to achieve security.
Eighty per cent of organisations surveyed said they had experienced a security event that impacted business in the past two years. The leading types of incidents were ransomware event (57pct), accidental disclosure (53pct), distributed denial of service attack (51pct), and network or data breaches (48pct). With stakes this high, it is no surprise that 94 per cent of executives surveyed for the report said that security resilience is a high priority for them.
"Security, after all, is a risky business. As companies don't secure everything, everywhere, security resilience allows them to focus their security resources on the pieces of the business that add the most value to an organisation, and ensure that value is protected," she added.
Globally, companies that reported implementing a mature Zero Trust model saw a 30 per cent increase in resilience score compared to those that had none.
The report also shows how businesses need to take care to reduce complexity when transitioning from on-premise to fully cloud-based environments. However, businesses that are in the initial stages of transitioning from an on-premise to a hybrid cloud environment saw scores drop between 8.5 and 14 per cent depending on how difficult the hybrid environments were to manage.
Furthermore, converging networking and security into a mature, cloud-delivered secure access services edge boosted security resilience scores by 27 per cent.