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86% of IT Execs Feel Prepared—but Only 40% Have a Response Plan

2/06/2015 by Sharon Shahzad

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IT execs may “feel” as though they’re prepared for a cyber-attack—but yet, they’re not investing anything in responding to one.

This classic disconnect between perception and reality is a key finding in a study by Pierre Audoin Consultants (PAC), which found that a clear majority of CIOs, CISOs and VPs of IT– 86%—believe that they’re ready to fight back, even as 40% also say that they have no incident response (IR) plan in place.

Also, only 30% of those with IR plans test and update them more than once a month.

"With incident response more critical than ever, businesses need to ensure their IR processes are effective, consistent, and efficient—and it requires a daily commitment to assessment and improvement," said Troels Oerting, Barclays Group CISO, and ex-head of Europe’s Cyber Crime Unit (EC3), in a comment to media about the finding. "This study shows teams need to invest more in technology and platforms that help them manage IR better, every day.”

The problem is that the investment is not being made. In terms of security spending, there are three distinct buckets of investment for most companies: preparation, detection and IR. The first two are well represented in budgets, representing 77% of the earmarked funds for security. IR lags behind, at 39%.

Although this is an increase from just 23% just two years ago, it’s clear that more needs to be done, because as we know, incidents happen. The survey uncovered that 67% experienced a breach in the last year. And a full 100% have experienced a breach at some point in the past.

“Organizations are realizing that cyber breaches are inevitable—but focusing on improving response can ensure breaches are survivable,” said Duncan Brown, research director at PAC and lead author of the study. “We’re encouraged to see that organizations are investing more in the tools, processes, and people needed for effective and fast incident response.”

This article has been extracted from http://www.infosecurity-magazine.com, please click on this link to read the article in full http://www.infosecurity-magazine.com/news/86-of-it-execs-feel-prepared/

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP Recruitment, BI & Data Recruitment, Information Security Recruitment, Enterprise Architecture & Strategy Recruitment , Energy Technology Recruitment, Demand IT and Business Engagement Recruitment, Digital and E-commerce Recruitment, Leadership Talent, Infrastructure and Service Delivery Recruitment, Project and Programme Delivery Recruitment.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

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