Commercial Risk: Half of firms unprepared for supply chain cyberattack

Commercial Risk

September 19, 2024

VikingCloud research states that 170 business leaders in the U.K., Ireland, and the U.S. detect a “false sense of security” in their cyber posture, with 75% claiming to be confident in their ability to detect and respond to cyberattacks. But there is much less confidence when it comes to the most urgent cyber risks, including attacks on third parties, phishing, and ransomware. Confidence levels in detecting and responding to cyberattacks are highest for U.S. respondents at 83%, followed by the U.K. at 75% and far lower for Irish respondents at 51%.

Additionally, just 5% of the respondents say they have allocated additional budget to their cyber defense programs in the past 12 months. VikingCloud’s survey uncovers an alarming disconnect between perceived and actual cybersecurity readiness, which invites significant risk.

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Read more in this Commercial Risk article: Half of firms unprepared for supply chain cyberattack.