Our resolve to help lead organizations to a more secure future has never been stronger. The choice is clear – prepare wisely and allow your teams to devote their energy into building your business, or fail to plan and risk everything fighting an uphill battle. Let’s face it, cybersecurity isn’t always the flashiest part of an organization, nor is it viewed as a revenue generator, which often means it becomes an afterthought to businesses with growth on their minds.įortunately, many organizations are quickly realizing the truth: the lost time, effort, and money spent fighting trench warfare battles with malicious actors using outdated technology is a much greater growth risk than the upfront cost of ensuring that the solutions are in place. What does that mean for companies all the way down to America’s small business core? The outlook is not rosy.įrankly, these statistics highlight how behind the times many companies are from an organizational standpoint and highlights the lack of priority security maturity holds within their organizations. Read again that these are “leading companies” on the Fortune 500.

52 percent of companies do not have any language relating to customer or partner data protection.”.

77 percent of companies have no mention of any individual on their website responsible for security strategy.

62 percent majority do have CISOs but merely 4 percent of them have listed it on their company leadership pages.Only 16 percent (of 38 percent) have another executive listed as responsible for cybersecurity strategy, such as a VP of security.38 percent of companies are operating without appointing a CISO in position.

Here are the Bitglass report findings summarized the 2019 Fortune 500 companies: “To uncover how the world’s leading companies are leading by example to deploy cybersecurity initiatives, Bitglass researched the organizations in the 2019 Fortune 500 and analyzed public-facing information (from what is available on their websites). We read some statistics recently that shocked us. For example, check out our recent blog post on some of the biggest payouts from ransomware attacks in 2019.Ĭybersecurity, once a niche faction of a few forward-thinking organizations, is now a central pillar of the modern enterprise… or at least it should be. As organizations increasingly move their assets to the cloud, cybercrime has continued to mature, and the prominence of cyberattacks has grown.

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