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Why U.S. Firms Are Less Cyber-Secure Than They Think

January 31, 2019 / Chris Preimesberger

The U.S. certainly is a divided nation around many issues right now, but concern about cybersecurity as a threat to a majority of U.S. enterprises isn’t one of them. Everybody agrees on that one. A majority of participants in a recent survey enabled by FICO understand and recognize the risk of data breaches and expect them to increase, but they also believe they are better prepared than their competitors. FICO, originally Fair, Isaac &Co., is a data analytics company based in San Jose, Calif. focused on credit-scoring services. However, in a world in which smart companies such as Facebook, Yahoo and Target can fall victim to hackers, how prepared can they be? Five hundred senior executives, most of them IT managers, participated in the research, which was conducted by Ovum. The following eWEEK Data Points article features highlights of the research. Data Point No. 1: Businesses aware cybersecurity threats exist.