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2018 State of Cyber Resilience - New York

In 2018, Accenture Security surveyed 4,600 executives to understand the extent to which organizations prioritize security, how comprehensive their security plans are, what security capabilities they have, and their level of spend on security. 100 of those executives are based in New York City.

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2018 State of Cyber Resilience - New York

  1. 1. GAININGGROUND ONTHECYBER ATTACKER 2018 State of Cyber Resilience NEW YORK
  2. 2. Copyright © 2018 Accenture. All rights reserved. SECURITY TEAMS HAVE MADE PROGRESS DEFENDING AGAINST CYBER ATTACKS. But more needs to be done.
  3. 3. In 2018, NYC-based companies were able to prevent 72% of targeted attacks compared to global average of 87%. IMPROVING CYBER RESILIENCE IN NEW YORK Copyright © 2018 Accenture Security. All rights reserved. 3 72% 87% 28% 13% New York Global Security breaches prevented Security breaches not prevented
  4. 4. NYC-BASED COMPANIES ARE BECOMING FASTER AND MORE EFFECTIVE AT FINDING BREACHES WHEN THEY DO OCCUR In 2018, 64% of breaches are identified within seven days, higher than the global average of 55%. New York19% 12% 45% 43% 23% 34% 13% 11% New York Global Less than one day 1 - 7 days 1 - 4 weeks More than one month 4
  5. 5. MOST ORGANIZATIONS ARE ABLE TO REMEDIATE A BREACH IN 60 DAYS OR LESS In 2018, 87% of organizations remediate a breach in < 60 days, higher than the global average of 74%. New York47% 38% 40% 36% 9% 23% 4% 4% New York Global Within 30 days 31 - 60 days 61 - 90 days More than 90 days 5
  6. 6. Copyright © 2018 Accenture. All rights reserved. 6 INTERNAL ATTACKS ACCOUNT FOR THE MOST FREQUENT SECURITY BREACHES 72% 48% 48% 70% 56% 43% Internal attack (e.g., malicious insiders) Hacker attack Configuration error that affected security NYC Global
  7. 7. Copyright © 2018 Accenture Security. All rights reserved. 7 INVESTMENTS IN CYBERSECURITY TODAY WILL SECURE THE FUTURE OF THE ORGANIZATION In 2018, NYC-based organizations spend more on cybersecurity on average, compared to global counterparts. 22% 17% 14% 19% 19% 15% 8% 14% % of total IT budget % of total OT budget % of total annual revenue % of operational costs NYC Global
  8. 8. 8 BUDGET AUTHORIZATION RESTS AT THE HIGHEST LEVELS OF THE ORGANIZATION 32% 22% 16% 7% 16% 32% 27% 12% 11% 9% CEO/Executive Committee Board of Directors Chief Financial Officer Chief Operating Officer Chief Information Security Officer/Chief Security Officer NYC Global Copyright © 2018 Accenture Security. All rights reserved.
  9. 9. 9 WITH MORE BUDGET, SECURITY INVESTMENTS WOULD BE DIRECTED TOWARD TECHNOLOGIES AND INNOVATIONS 68% 64% 46% 50% 40% 15% 62% 59% 54% 52% 36% 13% Filling known gaps in cybersecurity technology Adding new innovations in cybersecurity Filling known gaps in capabilities (other than staffing and technology) Filling security staffing gaps Better reporting tools End user training NYC Global Copyright © 2018 Accenture Security. All rights reserved.
  10. 10. GAIN GROUND ON THE CYBER ATTACKER Copyright © 2018 Accenture. All rights reserved. FIVE WAYS TO BECOME CYBER RESILIENT. New York
  11. 11. 1. Build a strong foundation: Identify high value assets and harden them. Ensure controls are deployed across the organizational value chain, not just the corporate function. 2. Pressure test resilience like an attacker: Enhance defense teams and provide analysis on where improvements need to be made. 3. Employ breakthrough technologies: Free up investment capacity to invest in technologies that can automate your defenses. Utilize automated orchestration capabilities, advanced behavioral analytics, and artificial intelligence / machine learning. 4. Be proactive and use threat hunting: Develop strategic and tactical threat intelligence tailored to your environment to identify potential risks. Monitor for anomalous activity at the most likely points of attack. 5. Evolve the role of CISO: Develop the next generation CISO – steeped in the business and balancing security based on business risk tolerance. FIVE STEPS TO ACHIEVE CYBER RESILIENCE Copyright © 2018 Accenture. All rights reserved. 11
  12. 12. Copyright © 2018 Accenture. All rights reserved. 12 ABOUT THE RESEARCH In 2018, Accenture Security surveyed 4,600 executives (100 of which were based in New York City) to understand the extent to which organizations prioritize security, how comprehensive their security plans are, what security capabilities they have, and their level of spend on security. Respondents represented organizations with annual revenues of $1bn or more—from 19 industries and 15 countries across North and South America, Europe and Asia Pacific. More than 98 percent of respondents were sole or key decision-makers in cybersecurity strategy and spending for their organization. LEARN MORE accenture.com/stateofcyber 2018 State of Cyber Resilience
  13. 13. Copyright © 2018 Accenture. All rights reserved. 13 ACCENTURE IN THE UNITED STATES Accenture is a leading professional services company providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Serving 95 of the Fortune 100 and more than 70 percent of the Fortune 500, Accenture employs an innovation-led approach to help clients imagine and invent their future. The company has more than 50,000 people and operations in 42 cities in the United States. Accenture was named one of the leading companies to Change the World by Fortune magazine and is consistently recognized as a FORTUNE Blue Ribbon Company. With an unwavering commitment to inclusion and diversity, the company appears regularly on FORTUNE’s 100 Best Companies to Work For and DiversityInc’s Top 50 Companies for Diversity lists. Visit us at accenture.com/US. ACCENTURE SECURITY Accenture Security helps organizations build resilience from the inside out, so they can confidently focus on innovation and growth. Leveraging its global network of cybersecurity labs, deep industry understanding across client value chains and services that span the security lifecycle, Accenture protects organization’s valuable assets, end-to-end. With services that include strategy and risk management, cyber defense, digital identity, application security and managed security, Accenture enables businesses around the world to defend against known sophisticated threats, and the unknown. Follow us @AccentureSecure on Twitter or visit the Accenture Security blog. FOR MORE INFORMATION, PLEASE CONTACT: JOHN CONNOLLY Accenture +1 917 452 0837 john.a.connolly@accenture.com

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