Full Recovery From Breaches Takes Longer Than Expected
HelpNet Security, Thursday, November 21st, 2024
In 2024, businesses reported taking an average of 7.3 months to recover from cybersecurity breaches - 25% longer than expected and over a month past the anticipated timeline of 5.9 months, according to Fastly.
Cybersecurity leaders feel unprepared for future threats
Recovery times were even worse for companies that planned on cutting back cybersecurity spending. They faced an average of 68 incidents each - 70% above the average - and their recovery times stretched to 10.9 months, more than five months longer than those maintaining or increasing their budgets.
With attacks becoming more prevalent and taking longer to recover from, not surprisingly, the report found that 87% of businesses do plan to increase investment in security tools over the next 12 months, an 11% year-on-year rise. However, despite the additional spending, 50% surveyed cybersecurity decision makers feel that an increasingly sophisticated threat landscape has still left them unprepared to deal with future attacks.