A global survey of some 900 CIOs from 23 countries, including Ireland, found that nearly three quarters (72%) of CIOs globally have named corporate extortion and ransomware as the most significant risks to businesses, according to a survey by Logicalis.
Following the threats of corporate extortion and ransomware, are attacks targeting corporate systems and application vulnerabilities (60%), followed by increasingly sophisticated social engineering attacks (58%), and identity and credential hijacking (43%). The old chestnut of malicious insiders was highlighted by less than a third (30%) of respondents. The survey found that one in three CIOs admitted that their concerns over security has led to either the curtailment or cancellation of IT projects, and that security is emerging as one of the main stumbling blocks for digital transformation initiatives. Javvad Malik, Security Advocate at AlienVault commented below.
Javvad Malik, Security Advocate at AlienVault:
When dealing with any threat such as ransomware, it is important for CIOs to be prepared with capabilities to allow them to detect the threats quickly, and have processes in place to respond to them adequately.”
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