Report confirms that cyber risks are high on the c-suite's agenda
- Published: Tuesday, 28 February 2023 09:28
Mimecast has announced the publication of its annual ‘The State of Email Security 2023’ (SOES) report. The global survey is based on responses from 1,700 IT and security decision-makers.
Cyber awareness in the c-suite
Business leaders across the globe have become increasingly aware of the danger cyber attacks pose and are demonstrating a greater willingness to confront the risks. In fact, data breaches are viewed as an even greater business risk than climate change, inflation, or another financial crisis according to Forbes.
With the increased focus on cyber preparedness by the c-suite, CISOs feel more empowered to articulate their requirements and implement strategies and tactics that will make their organization more secure.
Collaboration tools are essential but risky
90 percent of SOES participants agree that collaboration tools like Microsoft Teams or Slack are essential to their working function, but 75 percent believe they pose new threats and create new security loopholes. The majority believe their native collaboration tool security is insufficient to meet their needs, and 72 percent of respondents believe their organization will be harmed by a collaboration-tool-based attack in the coming year. The need to put security measures in place to protect these tools must be top of mind for CISOs and will certainly be on the list of asks for the c-suite.
Improved cyber preparedness
There is a growing realization that cyber risk isn’t just an IT problem — it’s a critical vulnerability that directly equates to overall business risk. As such, organizations are taking the necessary measures to prepare for impending attacks. 49 percent are using artificial intelligence and machine learning to help under-resourced teams stay ahead of the curve, while 50 percent said they are relying less on cyber insurance and investing more in their own cyber defenses / defences.