Half of CIOs lack access to the right tools to do their jobs
Research from Logicalis has found that more than half (51%) of CIOs think they still lack access to cyber security solutions that fully fit their business needs.
The report – entitled Return on Innovation was based on a survey of 1,000 CIOs across the world, including Ireland – found that only 58% are fully confident in their ability to identify potential security gaps. A similar proportion (56%) say their security patch system is too complex to manage.
The overwhelming majority of organisations (96%) acknowledged the need for improvements in their security coverage, with 45% requiring significant upgrades.
Half of respondents admitted that their company has over-invested in security solutions they do not need. Furthermore, 58% of CIOs said their current security investments fully meet their organisation’s needs.
Worryingly, the research found that the frequency of cyber security attacks is on the rise as more than three quarters (78%) of organisations reported that the volume of cybersecurity breaches has either remained consistent or increased.
Some 88% revealed that they had endured a cyber security incident in the last 12 months, with malware and ransomware attacks accounting for 42% of these breaches. Meanwhile, 43% of organisations have endured multiple breaches over the past year.
Mairead Malone, country leader for Ireland, Logicalis UK&I (pictured), said: “Organisations face a concerning paradox in cybersecurity investment – they clearly need to invest but, more importantly, they need to identify solutions that adequately meet their needs and effectively protect their operations.
“While it’s clear that threats are mounting, questions are being raised about the effectiveness of security spending and implementation. The fact that the majority of organisations have recently experienced a cybersecurity incident, with some enduring multiple breaches, is alarming. The businesses which fail to address these issues will only leave themselves – and potentially their customers – vulnerable.”
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