Half of firms struggle to find cyber security partners

16 August 2018

Half of businesses find identifying suitable cyber security business partners or service providers a major challenge, a survey has found.

The global survey of 320 cyber security professionals from the manufacturing, utilities and transport sectors found identifying reliable partners was ranked the joint third biggest challenge in managing overall cyber risk. It ranked alongside the implementation of security for new types of technology.

However, just 44% of firms said the threat of an actual incident in the supply chain was a major concern.

The results were from security firm Kaspersky’s State of Industrial Cybersecurity 2018 report.

The report found understaffing, underinvestment and human error are were the biggest cyber risks industry across industry.

However, although more than than three-quarters (77%) of respondents said cyber security was a major risk, just 23% were compliant with the mandatory minimum industry or government security guidance or regulations.

It also found that compliance with voluntary guidance had seen a “strong decline” since last year.

The report said more than half of firms said they had not experienced any incident or breach in the last 12 months, but questioned whether companies had simply failed to detect attacks. It also predicted the number of attacks reported would increase as companies continued to progress their digital transformation strategies.

Of businesses that reported cyber attacks over the last 12 months, 20% said the threats came from the supply chain, down from more than a quarter (26%) the year before.  

The supply chain was the fourth largest source of incidents. Conventional malware and virus outbreaks were still by far the the largest source of incidents at 64%.

The survey also found differing priorities between sectors. Three-quarters (75%) of transport and logistics companies reported that losing customer confidence was the greatest threat posed by cyber security, while the majority of both manufacturing (66%) and energy companies (73%) were most concerned that a cyber attack could compromise the quality of production.

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