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FICO Survey: Canadian Firms May Be Overconfident in Their CybersecurityTelecommunications sector expected to make the largest levels of investments in cybersecurity TORONTO, June 20, 2017 /CNW/ -- Highlights:
While 76 percent of Canadian executives expect that the number of attempted data breaches will increase over the next year, they may be overconfident about their cybersecurity readiness, according to a new survey conducted by research and consultancy firm Ovum for Silicon Valley analytics firm FICO. 28 percent of respondents viewed themselves as top performers in their industry, and 24 percent felt they were above average in their preparedness. More information: http://www.fico.com/en/latest-thinking/ebook/cybersecurity-in-canada-views-from-the-c-suite Respondents from the telecommunications sector were the most confident, with 45 percent assessing themselves as top performers. Despite feeling prepared, the telecommunication industry appears to be the most committed when it comes to increasing levels of investments into cybersecurity over the next year. According to the survey,64 percent of telecommunications firms plan to increase spending in the next 12 months. "Given the scope and sensitivity of the consumer data within their possession, it's reassuring to see telecommunications firms focusing heavily on cybersecurity, especially considering Canadian organizations are lagging globally in terms of cybersecurity investments," said Kevin Deveau, Vice President and Head of FICO Canada. "It's reasonable to believe that those who have not been majorly compromised might evaluate themselves as a 'top performer', but in a world of constantly evolving threats, we caution firms not to become overconfident." "It takes more than just firewalls to be prepared for an attack," continued Deveau. "To be truly equipped, firms should be thinking about analytics as well. This allows them to learn from any attempted breaches and continue to strengthen their defenses over time." Ovum conducted the survey for FICO through telephone interviews with 350 CXOs and senior security officers in Canada, the US, the UK and the Nordics in March and April 2017. Respondents represented firms in financial services, telecommunications, retail, ecommerce and media service providers. FICO's solutions for cybersecurity include the FICO® Enterprise Security Score, which firms use to benchmark their own cybersecurity posture as well as that of vendors and partners. About FICO Learn more at http://www.fico.com FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries. About Ovum Ovum is part of the Business Intelligence Division of Informa plc, a leading business intelligence, academic publishing, knowledge and events group listed on the London Stock Exchange. https://ovum.informa.com/
SOURCE FICO |