Almost a Quarter of CISOs Think Attackers are Outpacing Their Organizations

A new Fortinet, Forbes Insights study shows the cybersecurity situation is as bleak as you thought – perhaps worse.

The survey found that 84 percent of CISOs believe the risks of cyber attacks will increase and almost a quarter believe the capabilities of attackers are outpacing their ability to defend their organization. This issue is compounded with limited resources, including lack of sufficient budget and skilled professionals as well as a threat attack surface that is quickly expanding and becoming more sophisticated. Because of this, security leaders understand it is critical to have the right strategies in place as they face an arms race between the capabilities of attackers and their own defense postures.  

“The Forbes Insights survey echoes the primary challenges we hear directly from Fortinet customers and prospects. Today’s CISOs are tasked with the challenge of allocating limited funds and resources to the highest-return cybersecurity projects which can range from breach detection to response. These C-level security leaders must maximize security with finite resources, all while balancing strategic leadership responsibilities and tactical issues. Through the Fortinet Security Fabric, Fortinet is providing end-to-end security so that CISOs can navigate a rapidly changing cyber threat landscape day in and day out,” said John Maddison, EVP of products at Fortinet.


Other key takeaways from the Forbes Insights report include:

  • CISOs are increasingly implementing AI technologies to cybersecurity. Forty-eight percent of security leaders are focused on seamlessly integrating security into their network operations and 45 percent are shifting and changing their cybersecurity strategy toward advanced analytics for greater visibility into their environments. AI, like machine learning, and analytics relieves IT teams time away from monotonous tasks, so they can focus on business-critical tasks such as identifying anomalous behavior in their networks and responding to threats quickly.
  • CISOs would like to allocate more of their budget to detection and response. According to the survey, security leaders are currently allocating an average if 36 percent of their security budget on response. However, in an ideal world, they would shift their resources from prevention to bolster detection and response. The survey found they’d increase response to be 40 percent of their budget.
     
  • Cybersecurity training and education for employees is key. The Forbes Insights survey found that CISOs believe talent and training constraints have a significant impact on their organizations. As a result, CISOs are paying more attention to educating their own employees on best practices and building cybersecurity awareness in order to prevent and reduce internal threats.
     
  • CISO are constrained by the lack of an adequate budget. While threats are expanding, CISOs find that their resources, including budget, remain limited. A third of CISOs surveyed in the report felt that the lack of an adequate budget is having a significant impact on their cybersecurity program.
     
  • A top priority for CISOs is safeguarding customer data and intellectual property. More than a third of respondents said protecting their organization’s brand is top of mind. More than 36 percent of CISOs selected customer data as the highest priority for protection. A majority of respondents also shared they are focusing on protecting intellectual property as one of the most important assets in their care, which they believe is another core target of most malicious actors.

Want to stay safe? We have put together cybersecurity essentials – a simple list which will help most organizations become far more secure.

Please go to a phishing simulation vendor now and sign up for one of their offerings. Phishing BoxKnowBe4 and Phish360 are all great.

We also recommend you get a free evaluation of your cybersecurity risk from an MSP/MSSP immediately.

Finally, learn about the latest in the ChannelMSPs and Cybersecurity at the world’s only #TechSuperShow, ITEXPO, Feb 12-14, 2020 Fort Lauderdale, FL.

 

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