According to Ernst Young’s Global Information Security Survey 2018-19, over half of organizations fail to make organizational protection a key part of their strategic plans. After soliciting the opinions of approximately 1,400 C-suite leaders, EY concludes that larger firms are somewhat more prone to fall short in this area than smaller ones (58% versus 54%).
Overall, EY reports, a solid 77% of organizations still operate with only lackluster cybersecurity and resilience. They may even lack a clear idea of what their most critical information assets are and where they’re located, never mind having adequate safeguards in place to protect them.
Fortunately, cybersecurity budgets are increasing, though bigger firms are more likely to increase their investments in 2019 (63%) and 2020 (67%) than smaller companies (50% and 66%).
Whether it’s because of