Based on a poll of 500 UK C-level executives, the report also revealed that 53 per cent do not have a formalised protocol for cyber-attacks in place. Dr Anton Grashion, Managing Director, Security Practice at Cylance commented below.
Dr Anton Grashion, Managing Director, Security Practice at Cylance:
“Especially in our current compliance and privacy environment, not having a protocol for cyber attacks seems strange – maybe there is a protocol for a breach but not for an attack.
Maybe the inaction is in the face of how increasing spend on chasing issues into the network after malware has detonated simply hasn’t paid off. Why throw good money after bad? Collective blindness to the threat may be due to the demonstrable failure of many of the current solutions?
Of course, if the organisations adopted a prevention first strategy by utilising ML and AI to stop malicious attachments – even if their employees were ‘tricked’ into downloading such – the problem would be handled – no drama, no cascading costs of investigation, clean-up and reporting.”