Confusion Over Ownership Stands in the Way of Business Resilience
Ninety-six percent of U.S. business decision-makers surveyed by Tanium say that making technology resilient to business disruptions is important to their organization, but major barriers remain, with clear challenges between internal organizational structures and access to the right skills and technology. Thirty-six percent blame their organization’s growing complexity, and 20 percent blame siloed business units.
Looking to their teams and tools, 33 percent say the problem lies with hackers being more sophisticated than IT teams, while 17 percent say they don’t have the necessary skills within their companies to detect cyber breaches in real-time.
Overall, one of the main reasons cited as to why organizations are unable to achieve business resilience against cyber disruptions is the growing confusion on where the responsibility for resilience lies; 31 percent of survey respondents say it should be the responsibility of the CIO or head of IT, 33 percent say every employee should be responsible, and 10 percent say responsibility lies with the CEO alone.
The survey also found that a lack of business resilience can severely impact the firm’s bottom line; 32 percent of respondents say they could not or don’t know if they could calculate the impact of a cyber breach on indirect cost from lost revenue and productivity, and 11 percent admit they don’t know if they would be able to calculate the financial cost incurred for response efforts.