US firms overconfident in their cybersecurity preparedness

A new survey finds that American firms overrate how prepared they are for a cyberattack. Research and consulting firm Ovum found that 68% of US firms believe they have better-than-average cyber-readiness for their industry.

As humans, we often overrate our own abilities, with more than 50% of a group thinking they’re above-average at some task, like driving or cooking or what have you. This particular cognitive bias is called illusory superiority, and has been reinforced in the findings of numerous social psychology studies in the US. Basically, people generally think they’re more competent or better at things than they are.

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