Cyberattack on Revolut affected data of thousands of customers Revolut confirmed this Tuesday that
More than half (55 per cent) of large companies are unable to combat cyber-attacks effectively nor can they locate and fix security breaches quickly, based on a study by Accenture.
In interviews with more than 4,700 executives from around the world, including 100 from Portugal, the Accenture study “State of Cyber Resilience 2021”, analyzes the extent to which organizations prioritize security, what efficiency of current security efforts and how well their investments in this area are performing.”
The study also indicates that four out of five respondents (81%) believe that “staying one step ahead of cyber attackers is a constant battle and the cost is unsustainable” – a figure higher than the 69% who said so in 2020.
According to Accenture, despite the fact that 82% of respondents have increased their cybersecurity investments in the last year, the number of successful attacks – which include unauthorized access to data, applications, services, networks or devices – increased by 31% year-on-year to 270 per company on average.
Based on the results, the report highlights the need to extend cybersecurity efforts beyond the company's own limits, in order to reach its entire ecosystem”, noting that indirect attacks – that is, , “successful attacks on an organization across the value chain” – continue to grow. Despite two-thirds (67%) of organizations believing their system is secure, indirect attacks accounted for 61% of all cyberattacks last year, up from 44% the year before.
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