Mounting Security Threats Boost Status of CIOs

 
 
By Karen A. Frenkel  |  Posted 05-04-2017 Email
 
 
 
 
 
 
 
 
 
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    Mounting Security Threats Boost the Status of CIOs
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    Mounting Security Threats Boost the Status of CIOs

    CEOs consider CIOs among the most important C-level executives, saying that these IT leaders play an important role in bringing security to board-level thinking.
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    IT Security Is a Top Priority
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    IT Security Is a Top Priority

    Nine out of 10 technology decision-makers believe that IT security is a top priority for their company, but only two-thirds agree that their security budget is sufficient.
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    Cloud Security Spending Increased
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    Cloud Security Spending Increased

    Cloud security spending increased in the past year for 48% of the respondents, yet the IT security budget for other areas remained stagnant.
  • Previous
    Resources Don't Prevent All Attacks
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    Resources Don't Prevent All Attacks

    Only 64% of cyber-attacks can be stopped, detected or prevented with current resources, according to the survey respondents.
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    Wondering How Breaches Occurred
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    Wondering How Breaches Occurred

    34% of the companies surveyed were breached in the past 12 months, but 74% of the respondents don't know how their company was breached.
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    Paying to Avoid a Public Scandal
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    Paying to Avoid a Public Scandal

    Two-thirds of the companies in the survey would pay an average of $124,000 to avoid a public scandal after a breach, and 14% would pay more than $500,000.
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    CIOs' Importance to the Company
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    CIOs' Importance to the Company

    My job is more important in the company's hierarchy: 34%, My job has completely transformed in past years: 30%, My job is as important as it used to be: 36%
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    Perception of the IT Security Budget
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    Perception of the IT Security Budget

    64% of IT decision-makers think their IT security budget is sufficient; 26% said it's sufficient, but they are understaffed; and 7% said it is sufficient, but could not accommodate future expansion. 3% said their IT security budget is insufficient.
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    How to Make Your Data Secure, Part I
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    How to Make Your Data Secure, Part I

    Define criteria for storing on-premises or in-cloud data. Perform risk management. Keep your cloud private. Be aware of geographical jurisdiction and data-handling laws. Perform due diligence on a cloud service provider. Stipulate damages.
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    How to Make Your Data Secure, Part II
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    How to Make Your Data Secure, Part II

    Encrypt data locally and in transit. Back up cloud data. Use secure, multiple authentication mechanisms. Limit employee access to sensitive data. Prevent DDoS attacks. Create, define and implement security response procedures.
 

A recent study, "Virtualization Makes CIOs' Role Key," revealed that CEOs consider CIOs among the most important C-level executives, and they stressed that these IT leaders are important to decision-making strategies and to bringing security to board-level thinking. CEOs and board members are worried about the growing number of internal and external security risks that could ruin customer trust and business forecasts. For these reasons, CIOs are expected to rise in their company's hierarchies. Thirty-four percent of IT decision-makers think that their jobs are more important in their company than ever before, while another 30 percent admitted that their job has completely changed in the past five years. "Still, not all C-suites include CIOs and CISOs in the business decision-making process," the report added. The study, which surveyed 250 IT decision-makers in America, was conducted by iSense Solutions for security technology company Bitdefender. The survey includes CEOs, CIOs, CISOs, IT managers and directors, IT systems administrators and IT support specialists. Sixty-two percent of surveyed organizations have more than 3,000 employees.

 
 
 
 
 
Karen A. Frenkel writes about technology and innovation and lives in New York City.

 
 
 
 
 
 

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