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Innovate for Cyber Resilience

Lessons for leaders to master cybersecurity execution.

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Innovate for Cyber Resilience

  1. 1. Lessons from leaders to master cybersecurity execution Utilities Innovatefor CyberResilience Third Annual State of Cyber Resilience
  2. 2. Copyright � 2020 Accenture. All rights reserved. 2 Mastering Cybersecurity Execution Innovationinvestment is growing Cybersecurity basics are better for all companies 94% of Utilities organizations spend more than 20% of cybersecurity budgets on advanced technologies direct attacks 11% 27% security breaches The State of Cyber Resilience
  3. 3. Costs rises are unsustainable Copyright � 2020 Accenture. All rights reserved. 3 There are hidden threats 39% of security breaches at Utilities organizations are indirect attacks that target weak links in the supply chain 57% of Utilities organizations report cost rises in last two years 73% of Utilities organizations say staying ahead of attackers is a constant battle and the cost is unsustainable Mastering Cybersecurity Execution The State of Cyber Resilience
  4. 4. Copyright � 2020 Accenture. All rights reserved. 4 Investments are failing for 77%oforganizations: Gaps in protection 55%of an organization is actively protected by the security program Low detection rates 56%of breaches are found by the security team Longer business impact 12%of all breaches had an impact lasting < 24 hours Customer data exposed 37%had more than 500K records exposed in the last year Mastering Cybersecurity Execution The State of Cyber Resilience
  5. 5. 4xbetter at stopping attacks 4xbetter at finding breaches faster 3xbetter at fixing breaches faster 2xbetter at reducing breach impact Copyright � 2020 Accenture. All rights reserved. 5 A group of leading organizations are doing things differently 3.8% attacks breach security compared with 10.4% for Utilities organizations 88% detect breaches in less than one day compared with 31% for Utilities organizations 96% of breaches fixed in 15 days or less compared with 40% for Utilities organizations 58% of breaches have no impact on business compared with 28% for Utilities organizations Mastering Cybersecurity Execution The State of Cyber Resilience
  6. 6. Investfor operational speed Prioritize moving fast Choose turbo-charging technologies Drivevalue fromnew investments Scale more Train more Collaborate more Sustain what they have Maintain existing investments Perform better at the basics Copyright � 2020 Accenture. All rights reserved. 6 What makes leaders successful? Mastering Cybersecurity Execution The State of Cyber Resilience

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