The digital “tech tension” is alive and well
According to a recent survey conducted by DarkMatter, 48% of polled respondents are very concerned with the possible loss of their digital data from cyber incidents, compared to 18% who are not.
The issue of consumer trust in a digital age has been brought sharply into focus in the recent weeks, given Facebook’s admission of passing along the personal information of tens of millions of user accounts to a third-party.
Digital transformation is changing the way we live and work for the better, though we are witnessing the emergence of a type of ‘tech tension’ as a result.
This refers to a type of strain that has been created between the obvious and significant gains being enabled by digitization and the resulting widening cyber threat surface as a consequence of increased connectivity and digital intelligence.
In the DarkMatter survey, 26% of respondents admitted to having been a victim to a cyber attack in the last 24 months, with 44% stating they had not been, and the remainder not being sure one way or the other.
Given that, individuals and organizations often remain unaware that they have fallen prey to cyber incidents.
Nearly half of all respondents identified people as the most likely cause of cyber compromise, with a third identifying technology, and less than 20% believing it is a result of processes.
In findings that run contrary to the expanding modern cyber threat landscape, 43% of respondents said they believe cyber defenses are keeping pace with the rise of cyber threat vectors, with only a quarter of respondents believing they are not.
We believe this outlook may partly explain why, despite organizations spending billions of dollars a year on cyber security defenses, the number and impact of cyber breaches continues to rise.