38% of companies have lost business as the result of real or perceived shortcomings in their cybersecurity program, a new BitSight study reveals. According to almost three in four C-level respondents, security performance can boost financial performance, while over 8 in ten believe it can strengthen the reputation of a firm and improve business continuity.
Partly as a result of increasing customer and partner demand for cybersecurity reporting, 63% of companies now rely on formal security performance metrics. However, four in five respondents identified shortcomings in terms of the integration and visibility offered by these solutions.
Read more: What prevents companies from achieving effective security performance management?
