Kyndryl has released findings from its global ‘Cyber Gauge 2024: Navigating the complex cybersecurity landscape’ survey, conducted with Amazon Web Services (AWS).
The results reveal a disconnect between perceived and actual cyber readiness among global enterprises. This underscores the critical need for more robust cyber resilience strategies that protect against threats and ensure business continuity.
Despite 94% of organizations feeling prepared to mitigate cyber attacks, 71% believe they are likely to experience a disruptive incident within the next year that will impact their financial performance. This disconnect highlights the need for improved awareness and enhanced measures to handle sophisticated cyber threats.
Key findings highlight the challenges of the cyber threat landscape that organizations face:
- Evolving threat landscape: 52% of IT leaders are grappling with operational challenges like preparing for emerging threats such as nation-state and generative artificial intelligence (AI) attacks. Securing hybrid cloud environments (47%) and managing the complexity of operating multiple security solutions (42%) were also top concerns.
- High frequency of attacks: over the last year, 54% of large organizations reported experiencing a cyber attack that disrupted IT systems or data. Of those, 61% faced four or more attacks, with Germany (71%), Canada (60%), and India (56%) as the top three most affected countries.
- Inadequate executive support: a significant 69% report a lack of support from business leaders for necessary security measures. Even greater, 73% indicated board-level disinterest in security readiness.
- Lack of alignment in regulatory preparedness: despite 94% confidence in handling changing regulatory dynamics as regulatory pressures continue to increase on organizations to improve overall cyber resilience, 77% struggle with security and other risk-mitigating team alignment, and 72% lack clear business continuity roadmaps.
- Organizational constraints: 54% of organizations noted that remote work continues to strain their security teams, while cybersecurity budget restrictions (43%) and security skills shortages (43%) were also top challenges.
- Industry-specific challenges: Retail (61%), manufacturing (57%), and chemicals, oil, and gas (56%) sectors reported the highest incidence of cyber attacks. Government organizations experienced the highest frequency, with 74% reporting four or more attacks.
Methodology
Along with AWS, Kyndryl surveyed IT decision-makers from more than 600 large enterprises across seven industries and 12 countries to understand their preparedness for fast-changing cybersecurity threats.
