Over 80% of companies have inadequate IT security budgets or none at all. And over 50% say they have been breached, according to a study by security firm Cygilant.
Moreover, only 16.6 are very confident that they can protect customer data. Their top challenges, cited by 68%, are lack of time and budget.
These findings are consistent with those of previous studies.
“The results from our new survey haven’t changed dramatically from last year,” states Neil Weitzel, director of security research, Cygilant. “Companies are still understaffing and underfunding cybersecurity initiatives and aren’t providing the ongoing security awareness training to employees which is required to protect against relentless attacks by adversaries.”
The study also found: