The recently released Nordic Cyber Resilience Report 2024 highlights a growing concern in Finland, Norway, and Sweden over cybersecurity threats, with a significant 54% of surveyed organizations having experienced at least one severe cyberattack in the past year.
Alarmingly, nearly 90% of respondents expect these attacks to continue rising. However, only 32% feel “very confident” in their organization’s ability to detect and respond to such incidents, pointing to a critical gap in preparedness.
Sigrun Hansen Bock, head of cybersecurity services at Tietoevry Tech Services, emphasized the need for robust incident response plans. “While cyberattacks are seen to be increasing, only half of respondents signify their organization to have a clear plan for how to handle them. Organizations that have faced cybersecurity attacks are understandably feeling most prepared for future threats and have confidence in their ability to detect them,” she explained.
Further insights from the report reveal that 74% of respondents have integrated cybersecurity into their strategic planning, a necessary step given the 76% who noted an uptick in cybersecurity investment year-over-year. Despite these proactive measures, only 60% of organizations engage in collaborative efforts to enhance cyber resilience.
Hansen Bock also pointed out the underutilized potential of cross-organizational collaboration, “While cyber threats pose significant challenges to society, and through the survey we can pick good trends for example in the increase of general awareness and cybersecurity investments. To make the most of these encouraging developments for the good of every level in society, cross-organizational collaboration is clearly calling for focus. Only 30% of respondents are collaborating with other organizations and officials in incident management and 30% say they are sharing information through networks and forums,” she concluded.
The report underscores the importance of government support in bolstering cybersecurity, with 42% of respondents feeling that current government efforts are inadequate. This sentiment is compounded by the anticipated regulatory changes, with only 23% of organizations claiming full preparedness for the upcoming EU regulations, including the new NIS2 and DORA directives set to take effect in 2025.
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