Response to cybercrime a major challenge for businesses: IBM study

 

https://yourstory.com/2018/03/response-cybercrime-major-challenge-businesses-ibm-study/

According to the new IBM study, cybercrime is on the rise but the response to these attacks is not adequate. Ponemon Institute, a leading IT firm conducted a study in association with IBM and it has been come to known that 3/4th of business organizations do not know how to take the threat of cybercrime.  Moreover, 69% of the business organizations said they do not have any measure in their firm to tackle cyber-attack. Indian firms are equally vulnerable to these attacks.

Though almost all of them admitted that cybercrimes are getting severe day by day, nearly half of them have only informal or ad-hoc plan to tackle the issue.

Many companies consider investment in artificial intelligence a barrier so they do not invest in IT network prevention much.  The high attrition rate of IT professionals and lack of annual budgets is another factor business organizations do not go for securing their data from the criminal breach. Another study was done on Indian firms which report that Indian firms recorded 12.3% more data breach in 2017. No one is spared; all the countries and business organizations are vulnerable to cybercrime which is increasing with the passing years.