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Digitalization brings opportunities, as well as vulnerabilities and challenges. Heavy investment goes into innovation and development, but not so much into IT security – education and information campaigns. All signs point to gaps that need to be filled.

The respondents to the Information Security, Privacy and Cybercrime Survey 2018 study are a wide range of security professionals from across different industries. The report is not only trying to chart the security situation and prevalence of IT security incidents, but also contribute to raising expertise and assistance in preventive efforts.

Key findings from the research include:

  • Businesses lack an overview of costs attributed to security incidents, costs that are estimated to be billions each year
  • Six out of ten have over the past year completed activities to improve the security awareness of their employees
  • Less than half (48%) of the businesses have made improvements in their privacy and information security efforts as a result of GDPR
  • Most IT incidents are related to viruses and malware, where 21% of the respondent businesses have suffered such incidents during 2017
  • There is a clear rise in businesses exposed to phishing, hacking attempts and actual hacking
  • 67% of the businesses that experienced IT related incidents believe that they happened due to chance or bad luck…

The study was conducted on behalf of the Norwegian Business and Industry Security Council, collating responses from over 1,500 organizations in both the public and private sectors.

Download the report here.

Continuity Insights

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