IBM Security Incident

All press releases IBM Study: Security Response Planning on the Rise, But Containing Attacks Remains an Issue - Global Survey Finds Use of More Than 50 Security Tools Leads to Less-Effective Security Response - Majority of Organizations Don't Have Specific Plans for Common and Emerging Attacks Jun 30, 2020 CAMBRIDGE, Mass. , June 30, 2020 / PRNewswire / --IBM (NYSE: IBM ) Security today announced the results of a global report examining businesses' effectiveness in preparing for and responding to cyberattacks. While organizations surveyed have slowly improved in their ability to plan for, detect and respond to cyberattacks over the past five years, their ability to contain an attack has declined by 13% during this same period. The global survey conducted by Ponemon Institute and sponsored by IBM Security found that respondents' security response efforts were hindered by the use of too many security tools, as well as a lack of specific playbooks for common attack types. While security response planning is slowly improving, the vast majority of organizations surveyed (74%) are still reporting that their plans are either ad-hoc, applied inconsistently, or that they have no plans at all. This lack of planning can impact the cost of security incidents, as companies that have incident response teams and extensively test their incident response plans spend an average of $1.2 million less on data breaches than those who have both of these cost-saving factors in place. 1 The key findings of those surveyed from the fifth annual Cyber Resilient Organization Report include: Slowly Improving: More surveyed organizations have adopted formal, enterprise-wide security response plans over the past 5 years of the study; growing from 18% of respondents in 2015, to 26% in this year's report (a 44% improvement). Playbooks Needed: Even amongst those with a formal security response plan, only one third (representing 17% of total respondents) had also developed specific playbooks for...

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