2024 Global Cyber Confidence Index
Organizations are divided on what their largest barrier to effective cyber risk management is, though one in five chalk it up to immature cyber risk management processes.
ExtraHop polled over 1100 cybersecurity and IT decision makers from around the world to see how confident they are in their organization’s ability to manage cyber risk. See how they responded to questions about assessing cyber risk, cybersecurity budgets, ransomware, and more, and discover how your organization compares.
The State of Cyber Risk Management and Cybersecurity Budgets
How confident are you that your organization is effectively managing cyber risk?
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Not confident at all
Not too confident
Somewhat confident
Very confident
1.1%
10.5%
53.0%
35.4%
When asked what the biggest risk facing their organization is, 22% say ransomware.
Respondents also indicate that C-level and board involvement in cyber risk governance is encouragingly high—nearly 60% of respondents say their executives are moderately or very involved.
Data Breach
Generative AI Threats
59.4%
28.9%
11.8%
Involved (net)
Somewhat involved
Not involved (net)
Insider Threats
State-sponsored Attacks
Third-party vendor breach
Immature cyber risk management processes
The business and industry move too fast to catch up
Lack of alignment between the business and cybersecurity
Outdated technology to help expose cyber risk
Insufficient personnel resources
Insufficient budget
None of the above
We do not have any barriers
21%
18%
16%
15%
14%
13%
2%
1%
Ransomware
Ransomware
22%
Data Breach
18%
Generative AI Threats
17%
Insider Threats
15%
State-sponsored Attacks
15%
Third-party vendor breach
13%
