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PREVENTION




       Most companies overestimate



       their cybersecurity,



       but resilience is possible






















































       Strong cybersecurity is           Frank Ford and Syed Ali,           of their cybersecurity technologies, and
                                                                            three out of four have senior executives
                                         Bain & Company
       about more than technology.                                          focused squarely on cybersecurity, often a
                                                                            chief information security officer.
       It also takes a long-term                 ew executives need  to be told   In  spite  of  this  investment,  our  research
                                                 that cybersecurity is a critical
       commitment to develop                     issue, one that is central to pro-  finds that many firms continue to overesti-
                                                                            mate the effectiveness of their cybersecu-
                                                 tecting an organization’s assets
       a range of strategic             Fspending more than ever to le-     rity because they fail to grasp the comple-
                                                 and reputation. Companies are
                                                                            xity of the challenge. Specifically, many are
       capabilities                      arn where they are vulnerable, to deploy   not developing the long-term strategic ca-
                                         the latest security solutions and to hire   pabilities essential for robust cybersecuri-
                                         the talent necessary for a strong cyber   ty. Indeed, most struggle to comply with
                                         defense. Our research finds that 97% of   simple best practices. Only 43% percent
                                         large firms have undergone audits or as-  of executives believe that their firms follow
                                         sessments of cybersecurity over the past   best practices for cybersecurity, but dee-
                                         three years, 70% regularly upgrade most   per analysis identifies that only about 24%



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