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Cyber-attacks

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Cyber-attacks are increasing every day - are corporate leadership and security in sync on how to fight them?

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Cyber-attacks

  1. 1. Cyber-attacks Cyber-attacks are increasing every day – are corporate leadership and security in sync on how to fight them? If they cannot agree on how important it is, how can they agree on how to fight it? In a cyber-world where defenses must concentrate on the most important assets – it is dangerous to be split on what is important. IT ranks cyber-security the number #1 issue – but less than 1 out of 20 C-suite execs agree. The C-Suite is worried about the reputation of the firm – IT/Security is more focused on data and operational issues. One third of security professionals believe there will be a successful attack within three months. Only 12% of C-Suite execs agree. Who is not getting the message? ARE WE GOING TO BE ATTACKED? Protecting against cyber attacks Acquiring new customers Ensuring regulatory compliance Launching new products & services Supporting global growth Fostering innovation and creativity Growing internationally Reducing costs Meeting sustainability goals Hiring and keeping the best people 35% 13% 12% 14% 13% 9% 7% 16% 16% 11% 7% 3% 3% 4% 5% 33% 12% 6% 6% 8% 6% 5% DO CYBER-SECURITY MEASURES HURT PRODUCTIVITY? The C-Suite believes that they do. But the IT department is not aligned on how much productivity is impacted. How does cyber-security impact the operations of your company? (% who agree with statement) Too much management time Reduces employee efficiency Slows competitive response Stifles innovation Absorbs to much capital The result – IT executives are not going to be getting the funding that they believe is necessary to fight hacking, cyber-crime, and cyber-espionage. How likely is it that your firm will experience a severe and successful breach within 90 days? C-Suite Security executives The lack of a common perspective or strategy on cyber-attacks is leaving firms critically vulnerable. The wrong assets are being protected, firms’ operations are being hurt, and security is being underfunded relative to the threat. BRIDGING THE CYBER-CHASM RESOURCES REQUIRED TO FIGHT CYBER ATTACKS 54% 25% 46% 23% 43% 23% 45% 22% 32% 24% IT corporate priorities C-suite corporate priorities 25% 16% 14% 6% 13% 7% 12% 25% 10% 20% 8% 14% 6% 1% Our reputation with our customers Private intra-company communications Strategic plans and initiatives Regulated data Customer information Applications and services Product specifications and pricing The most important assets to be protected C-suite IT PRIORITY WHAT NEEDS TO BE PROTECTED? C-suite IT 27% 7%Executive who foresee major increase in security budget C-suite IT The C-Suite and security functions need to become aligned on cyber security – the most critical technology issue facing them today. Sponsored by

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