No let up in cyber attacks, media and technology firms prime targets

July 17, 2016 4:31 pm

Media and technology organizations are more prone to cyber attacks, according to a new report.


The latest survey from Accenture and HfS Research reveals insider data theft and malware attacks top the list of the most significant concerns for enterprise security executives. During the past 12 months, 69 per cent of the respondents experienced an attempted or successful theft or corruption of data by insiders. Of the C-level security executives surveyed 77 per cent were from media and technology businesses.


Additionally, the research shows that a budget shortage for hiring cybersecurity talent and well-trained employees is hindering the ability of organizations to properly defend themselves against these attacks.


The survey, The State of Cybersecurity and Digital Trust 2016,which examined the current and future state of cybersecurity within enterprises has also found that there are significant gaps between talent supply and demand, a disconnect between security teams and management expectations, and considerable disparity between budget needs and actual budget realities.


“Our research paints a sobering picture. Security leaders believe threats are not going away, in fact they expect them to increase and hinder their ability to safeguard critical data and establish digital trust,” said Kelly Bissell, senior managing director, Accenture Security.


“At the same time, while organizations want to invest in advanced cyber technologies, they simply don’t have enough budget to recruit or train skilled people to use that technology effectively. To better manage this security problem, businesses will need to work in tandem with the extended enterprise ecosystem – business units, partners, providers and end users – to create an environment of digital trust.”


Despite having advanced technology solutions, nearly half of all respondents (48 per cent) indicate they are either strongly or critically concerned about insider data theft and malware infections (42 per cent) in the next 12 to 18 months.


When asked about current funding and staffing levels some 42 per cent of respondents said they need more budget for hiring cybersecurity professionals and for training. More than half (54 per cent) of respondents also indicated that their current employees are underprepared to prevent security breaches and the numbers are only slightly better when it comes to detecting (47 per cent) and responding (45 per cent) to incidents.


Cyber attacks


AMEinfo Staff
By AMEinfo Staff
AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.