Welcome to the second Deloitte Ireland annual survey of CISOs and Information Security Managers in Ireland, conducted in association with EMC.
Now in its second year, this survey has all the hallmark areas which the inaugural survey focused upon but has also explored additional areas including cloud computing, BYOD and regulatory compliance.
The findings show that cybercrime costs Irish organisations, on average, 2.7% of annual turnover, with the average cost of a cybercrime incident costing Irish organisations €135,000 over the past year.
In addition to the costs associated with cybercrime, the number of security breaches experienced by organisations is also significant. 40% of respondents stated that their organisation has experienced at least one security breach, which they know of, in the past 12 months. While over a quarter (28%) are unsure of how many security breaches their organisation experienced.
A proactive approach to cybercrime is important for organisations to ensure undetected incidents do not cause exponentially greater damage over a sustained or extended period of time. 45% of respondents believe their organisation proactively identified just over 40% of serious incidents, an alarming drop from 58% in 2012. Additionally 44% of respondents regard their information security policy as proactive while 47% consider their policies reactive.