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Vodafone cyber ready barometer 2018
- 1. Cyber Ready Barometer Research 2018 Vodafone Group Enterprise Security C1 - Public
- 2. Vodafone Proprietary classified as C2 - Internal New technology adopters view security as an enabler of opportunities, not a barrier Cybersecurity drives tangible business benefit and allows organisations to transform faster A reputation for effective cyber security is viewed as having a positive impact on customers 86% of high-growth companies believe that strong cyber enables new business 9 out of 10 believe improving cyber security will enhance customer trust and loyalty What we discovered in 2017: The Innovation Accelerator 2 In 2018, we set out to further investigate the relationship between cyber and success 24% higher financial benefits for IoT adopters who invest in cyber security
- 3. Vodafone Proprietary classified as C2 - Internal Introducing the Cyber Ready Barometer research Becoming more Cyber Ready in the face of the shifting security landscape and widespread digital transformation is increasingly essential 4,809 IT and business leaders, employees and consumers were surveyed over 9 countries. Our objective was to assess the levels of security readiness and resilience across businesses of all sizes and its affect on business outcomes We contrasted the results between these groups and also compared some of the trends against our 2017 findings 3
- 4. Vodafone Proprietary classified as C2 - Internal Maureen Kaplan Vodafone Enterprise Security Lead The Cyber Ready Barometer has taken a pressure reading on the level of cyber readiness in the market and uncovered a clear link between security and competitive advantage.” 4
- 5. Vodafone Proprietary classified as C2 - Internal 5 We created the Cyber Ready Index, here are the six criteria Each respondent was given a Cyber Ready rating out of 100
- 6. Vodafone Proprietary classified as C2 - Internal We identified five levels of Cyber Readiness 6 Only 1 in 4 businesses are Cyber Ready and larger firms are more likely to be Ready than smaller businesses Observation 1 46/100 The average score across all businesses is 46, ranking them as having Developing readiness.
- 7. Vodafone Proprietary classified as C2 - Internal 79% 40% 83% 48% Using different types of Cloud Services Using IoT Devices 2017 2018 Observation 2 Evolving digital footprints present a big challenge 7 More businesses are using different types of cloud services and IoT devices And the average consumer household is using 9 connected devices 11 online services
- 8. Vodafone Proprietary classified as C2 - Internal Employees and businesses have differing views Observation 3 30 November 20188 Employee engagement needs more focus Disconnects exist between decision-makers and employees 47% said official policy is followed by all staff 39% said security is a box-ticking exercise 8 43% 63% % of staff that use own smartphone for work Business Employees 20% gap
- 9. Vodafone Proprietary classified as C2 - Internal But the more Cyber Ready, the bigger the advantage Observation 4 9 Advanced Basic Proactive Stakeholder Trust Revenue Growth >5% 4.8 4.3 3.1 58 % 47 % 22 % Businesses demonstrating ‘Advanced’ levels of Cyber Readiness are outperforming those who possess only ‘Basic’ readiness on the Cyber Ready Index .
- 10. Vodafone Proprietary classified as C2 - Internal The Consumer Security Advantage 10 Observation 5 70% consider themselves at risk of cyber attack 63% have stopped using an online service due to security concerns 43% don’t trust security measures of companies they use 59% of consumers say they would pay extra for better security. But just 29% of businesses think they can increase prices for more secure services
- 11. Vodafone Proprietary classified as C2 - Internal 11 Read the Cyber Ready Barometer to learn more Read the full research report to read more insight and expert analysis Download here
Editor's Notes
- Key findings: At a high level, what we found is concerning. Less than a quarter of businesses could be considered to be Cyber Ready. This slide needs some other stats on it too
- A couple of the key reasons we found: Disconnect between decision-makers and employers. Employers think they understand what’s going on in their business, but they don’t Delving deeper we found worrying perceptions from the employees themselves – seeing security as a box-ticking exercise
- Not only are they putting data at risk, but there are additional benefits of being a secure business, businesses are missing an opportunity
- Not only are they putting data at risk, but there are additional benefits of being a secure business, businesses are missing an opportunity