The Cisco 2024 Cybersecurity Readiness Index suggests a noteworthy discrepancy wherein 80% of organizations express confidence in managing evolving threats, yet only 3% are deemed 'Mature' in readiness to combat cybersecurity risks. Based on a thorough analysis of 8,136 private sector leaders across 30 markets, the study indicates upcoming increases in cybersecurity budgets (97%), highlighting a recognition of shortcomings. Concerns are raised as the number of 'Mature' companies dropped significantly from the previous year's statistics, reflecting a shift towards 'Beginner' and 'Formative' stages
The accelerated digitization has added to complexity, hybrid connectivity challenges, and persistent talent shortages despite rising cyber incident costs., ```https://www.bankinfosecurity.com/are-enterprises-overconfident-about-cybersecurity-readiness-a-24962