According to the report, 96% of companies are confident in their ability to detect and respond to cyberattacks in real time. However, the same companies were unprepared for cyber risks, including ransomware attacks against a critical third party (48%), phishing attacks (40%), DNS attacks (33%) and ransomware attacks against their business (32%).
Fifty-five percent of companies believe modern cybercriminals are more advanced than their internal team, and 35% reported the technology cybercriminals use is more sophisticated than the tech to which their team has access.
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