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State of Cybersecurity Resilience 2021

Report

State of Cybersecurity Resilience 2021

How aligning security and the business creates cyber resilience

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In the annual survey among 4,744 global respondents around the current state of cybersecurity resilience, we found 85% of CISOs agree or strongly agree that the cybersecurity strategy is developed with business objectives, such as growth or market share, in mind. Yet, 81%, also said that “staying ahead of attackers is a constant battle and the cost is unsustainable” compared with 69% in 2020.

Cyber attacks are up: There were on average 270 attacks per company over the year, a 31% increase over 2020. Third-party risk continues to dominate: successful breaches to the organization through the supply chain have increased from 44% to 61%.

Security investment continues to rise: More than 80% of our survey respondents say their budgets have increased in the last year. IT security budgets are now up to 15% of all IT spending,
5 percentage points higher than reported in 2020.

Cloud still has a complex relationship with security: Despite most respondents believing in secure cloud, 32% say security is not part of the cloud discussion from the outset and they’re trying to catch up. Reasons preventing take-up of the cloud revolve around security issues:
about one-third of all respondents say poor governance and compliance is a problem, that cloud security is too complex and that they do not have the internal skills to structure a proper cloud security framework.

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