A new report from Cornell University and FreedomPay found that stakeholders were almost universally satisfied with internal risk assessment processes (96%) and cybersecurity systems (95%), despite the reality that one in three (31%) has experienced a data breach in the past. Among companies that had suffered a breach, most (89%) had experienced multiple breaches in a single year.
Consumer-facing businesses, like retailers, restaurants, and hospitality brands, have a major gap between their leaders’ confidence in their cybersecurity postures and the realities at hand. As businesses contend with growing and more frequent threats, prevention and remediation efforts are spurring complexity.
Three-quarters (74%) of companies report they use multiple cybersecurity systems, most (56%) have multiple systems spread across multiple locations, and a half (49%) say these systems are governed by multiple departments. Read the Full article here