Tag: Audit

BusinessCybersecurityTechnology

Business Leaders Overconfident Amid Growing Cyber Threats, Report Reveals

A surprising 94% of business leaders express confidence in their cyber attack detection capabilities despite ongoing major security breaches. Experts identify critical disconnects between perceived and actual cyber risks facing modern organizations.

The Confidence Gap in Cybersecurity

Despite the unfolding data security breach at Jaguar Land Rover – reportedly the UK’s most damaging known cyber incident – an astonishing 94% of business leaders felt confident about their organizations’ ability to detect and respond to data breaches or cyber attacks, according to a recent report from management consultancy Elixirr.

by Darren Holt
BusinessCybersecurity

Cybersecurity Liability Emerges as Key Driver for Business Investment in Protection Measures

Cybersecurity experts are urging a fundamental shift in how security solutions are pitched to businesses. Rather than focusing on compliance checkboxes, industry leaders suggest framing security investments as protection against devastating lawsuits that often follow data breaches. Recent analysis reveals that legal liabilities can far exceed ransomware demands, creating new urgency for comprehensive security documentation.

Rethinking Security: From Compliance to Liability Defense

Cybersecurity providers are increasingly framing their services as legal liability protection rather than mere compliance tools, according to industry leaders speaking at the XChange NexGen 2025 conference. Bruce McCully, founder and CEO of Galactic Advisors, emphasized that businesses need to understand that lawsuits following breaches can be more devastating than the cyberattacks themselves.

by Mason Drayton