New cisco study finds only 15% of companies surveyed are ready to defend against cybersecurity threats

News summary: readiness is critical: 82% of respondents said they expect a cybersecurity incident to disrupt their business in the next 12 to 24 months the cost of being unprepared can be substantial: a majority of respondents said they had a cybersecurity incident in the last 12 months, which cost at least $500,000 for 41% of organizations affected companies are taking action: 86% of respondents said their organizations plan to increase their cybersecurity budget by at least 10% over the next 12 months san jose, calif. , march 21, 2023 /prnewswire/ -- a mere 15% of organizations globally have the 'mature' level of readiness needed to be resilient against today's modern cybersecurity risks, according to cisco's nasdaq: csco first-ever cybersecurity readiness index released today.
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