Business Failing to Act on Increased Cyber Security Awareness, says survey

Business Failing to Act on Increased Cyber Security Awareness, says survey

In spite of the recent series of high-profile cyber attacks making businesses more aware of cyber security, they are failing themselves by neglecting to take the necessary actions.

That is the verdict from the 10th CyberArk Global Advanced Threat Landscape Survey, which assessed how enterprises are reacting to high-profile cyber incidents.

The research discovered that, while 82% or those surveyed feel that there has been progress in the war on cyber crime, it has been undermined by insufficient security procedures in such critical areas as cloud computing, third-party vendor access and privileged account security.

The numbers clearly show a trend. From the survey, 79% said that the organisation they represent had learned valuable lessons from key cyber incidents, with two-thirds (67%) now believing that the board/CEO have assumed a leadership role, a 12% increase from last year. Further, the increase in awareness has led to malware detection improvements (25%), security analytics (16%), and endpoint security (24%).

However, 40% of organisations are still saving admin and privileged passwords in spreadsheets or Word documents, with 49% granting internal network remote access to third-party vendors.

The positive is that firms are increasingly coming to terms with the importance of responding to a potential attack. One such example would be that 95% of those surveyed that their firms have an emergency response plan in place, with 75% believing that they are in a position to thwart any attempts to hack the internal network.

Overconfidence, however, is a concerning factor. The greater focus on preparation is being overshadowed by insufficient testing and communication, only carried out on a regular basis by 45% of those surveyed. Further, 36% believe that either a hacker is currently prowling or has been within the past 12 months. A higher number (46%) feel that their company has fallen foul to ransomware within the past two years.

CyberArk CMO John Worrall said:

“The findings of this year’s Global Advanced Threat Landscape Survey demonstrate that cyber security awareness doesn’t always equate to being secure. Organisations undermine their own efforts by failing to enforce well-known security best practices around potential vulnerabilities associated with privileged accounts, third-party vendor access and data stored in the cloud.

“There’s a fine line between preparedness and overconfidence. The majority of cyber attacks are a result of poor security hygiene – organisations can’t lose sight of the broader security picture while trying to secure against the threat du jour.”

The increase in awareness among organisations is certainly a positive in the war on cyber crime. However, the lack of action creates a vulnerability against an increasingly sophisticated hacking community. With hackers attacking organisations ranging from small businesses to national governments, it is more important than ever for organisations to do all they can to defend against threats by creating cyber security jobs. Having the right people with the necessary skills on board is the only way that a potential attack can be thwarted, or successful damage control applied should an attack occur.

Our accreditations & Partners

  • REC Member
  • VTC - Virtual Technology Cluster
  • RANT Events
  • Bloom Nepro
  • YPO
  • Crown Commerical Service
  • Disability Confident
  • ISO 9001
  • Armed Force Covenant
  • Cyber Essentials Plus
  • ISO 27001





Thank you for signing up to the acumin alerts.

Send CV

Send us your CV and have our recruiters match you to the ideal opportunities

Do you already have an account with us?

Log in

Want to have an account with us?


Want to just send us your CV?

Upload only doc, docx, odt, pdf format file.

By submitting your registration and CV to us you are agreeing to join our database and to be contacted about relevant jobs industry communications. Please read our terms of business for more information.

Password reset

If you need a reminder for your password, fill out the field below

Log in

Access your account to edit your contact details, job alerts or to upload a new CV

Thank you


Thank you for successfully uploading your CV.

Acumin Alerts


Thanks for registering for Acumin alerts.

Acumin Alerts

Unfortunately your CV could not be uploaded

Please make sure your CV is one of the following file types: doc, docx, odt, pdf, rtf

Acumin Spam

Unfortunately your submission has been declared spam. Please try again.



Thank you for submitting your vacancy.


Create an account to register your contact details, sign up for job alerts and upload your CV


Thanks for registering for Acumin alerts. To get the most out of Acumin's service why not register with us?

Upload only doc, docx, odt, pdf format file.
- Practitioner
- Commercial

I agree to the terms and conditions and to be contacted by recruiters:

I agree to receive marketing communications relevant to my job search:

I agree to receive Jobs By Email for the following professions:
- Business Continuity Management
- Counter Fraud
- Cyber Security
- Executive Management
- Governance & Compliance
- Information Security & Risk Management
- Penetration Testing & Digital Forensics
- Sales and Marketing
- Sales Engineering
- Security Management
- Technical Security
- Information/Risk Assurance
- Identity Management
- Application Security
- Security Architecture
- Dev/Sec Ops
- DV & SC Cleared Jobs
- Programme & Project Management

Submit a Vacancy

Use the form below to submit a vacancy