CEOs Fear Becoming the Next Big Breach According to WSJ Intelligence and Forcepoint Survey
Global cybersecurity leader Forcepoint, in partnership with WSJ Intelligence, revealed The C-Suite Report: The Current and Future State of Cybersecurity featuring new research on global business leaders’ cybersecurity priorities as well as growing disparities in how CEOs and CISOs view the most effective cybersecurity path forward.
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The global survey of 200 CEOs and CISOs from across industries including Healthcare, Finance and Retail, among others, uncovered prominent cybersecurity stressors and areas of disconnect for business and security leaders, including the lack of an ongoing cybersecurity strategy for less than half of all CEO respondents. The research also identified disparities between geographic regions on data protection as well as a digital transformation dichotomy battle between increased risk and increased technology capability.
Key findings from The C-Suite Report: The Current and Future State of Cybersecurity:
- Most leaders (76%) are losing sleep over the prospect of becoming the next headline-grabbing security breach
- This is despite a high percentage (87%) believing that their security team is consistently ahead of cybersecurity threats
- This disparity is compounded by a belief that senior leadership is cyber-aware and data-literate (89%) and focused on cybersecurity as a top organizational priority (93%)
- Cybersecurity strategies are seen by 85% of executives as a major driver for digital transformation, yet 66% recognize the increased organizational exposure to cyber threats because of digitization
- Only 46% of leaders regularly review their cybersecurity strategies
“When more than 89% of leaders believe their teams are more cyber-aware than ever, it’s not surprising to hear executives are losing sleep over their cybersecurity posture today because they know the stakes to their business are so high,” said Nicolas Fischbach, Global CTO of Forcepoint. “At a time when cybersecurity is more strategic to business growth than ever before, it is time senior business and security leaders reassess their cybersecurity strategy to one that enables them to move left of breach. Leader companies understand that behavior-based technologies are the modern cybersecurity path forward and those that get cybersecurity right today will see this be a key competitive differentiator for their business in the years ahead.”
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