Just in:
Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology // Sharjah Chamber Breaks Ground on Final Expansion with New HQ Pact // 2024 Lok Sabha Elections Will Be The Costliest One Till Now In The Whole World // Hope for Respite as UAE Endorses UN Plea for Gaza Truce // New Nylon Constant Torque Hinge From Southco Provides Position Control In A Compact Package // CABSAT 2024 Ushers in 30 Years of Media Innovation // German Job Market Resilience Bodes Well for Economic Recovery // U.S. Compliance Takes Center Stage at OKX Following Industry Jitters // Ingdan Announces 2023 Annual Results // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // Sunshine’s Debut Features Leave Tech World Scratching Its Head // Andertoons by Mark Anderson for Fri, 29 Mar 2024 // Universal Language for Healthcare: General Authority Embraces Global Coding System // French Leaders Gather for Interfaith Iftar Dinner // TUMI Hosts Global Launch Event in Singapore to Unveil Women’s Asra Collection and Announce Global Ambassador, Mun Ka Young // Following the Money Trail: US and UK Investigate $20 Billion in USDT Transfers Tied to Sanctioned Russian Exchange // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // Octa seeks to clarify Forex swap and swap-free accounts // First-Ever Fortune Innovation Forum Draws Top Global Leaders to Hong Kong, Promoting Agendas On Collective Cross-Sector Advancement // US reiterates concern over Kejriwal arrest, Cong accounts //
HomeAsian News by Media-OutreachTrend Micro: 90% of IT Decision Makers Believe Organizations Compromise on Cybersecurity in Favor of Other Goals

Trend Micro: 90% of IT Decision Makers Believe Organizations Compromise on Cybersecurity in Favor of Other Goals

generic link 19

Trend Micro study reveals urgent need for new way to discuss business risk

HONG KONG SAR – Media OutReach – 16 November 2021 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced new research* revealing that 90% of IT decision makers claim their business would be willing to compromise on cybersecurity in favor of digital transformation, productivity, or other goals. Additionally, 82% have felt pressured to downplay the severity of cyber risks to their board.


ADVERTISEMENT

To read a full copy of the report, please visit: https://www.trendmicro.com/explore/en_gb_trendmicro-global-risk-study

 

“IT leaders are self-censoring in front of their boards for fear of appearing repetitive or too negative, with almost a third claiming this is a constant pressure. But this will only perpetuate a vicious cycle where the C-suite remains ignorant of its true risk exposure,” said Bharat Mistry, UK technical director for Trend Micro. “We need to talk about risk in a way that frames cybersecurity as a fundamental driver of business growth – helping to bring together IT and business leaders who, in reality, are both fighting for the same cause.”

“IT decision makers should never have to downplay the severity of cyber risks to the Board. But they may need to modify their language so both sides understand each other,” said Phil Gough, Head of Information Security and Assurance at Nuffield Health. “That’s the first step to aligning business-cybersecurity strategy, and it’s a crucial one. Articulating cyber risks in business terms will get them the attention they deserve, and help the C-suite to recognise security as a growth enabler, not a block on innovation.”

ADVERTISEMENT

The research reveals that just 50% of IT leaders and 38% of business decision makers believe the C-suite completely understand cyber risks. Although some think this is because the topic is complex and constantly changing, many believe the C-suite either doesn’t try hard enough (26%) or doesn’t want (20%) to understand.

There’s also disagreement between IT and business leaders over who’s ultimately responsible for managing and mitigating risk. IT leaders are nearly twice as likely as business leaders to point to IT teams and the CISO. 49% of respondents claim that cyber risks are still being treated as an IT problem rather than a business risk.

 

This friction is causing potentially serious issues: 52% of respondents agree that their organization’s attitude to cyber risk is inconsistent and varies from month to month.

 

However, 31% of respondents believe cybersecurity is the biggest business risk today, and 66% claiming it has the highest cost impact of any business risk – a seemingly conflicting opinion given the overall willingness to compromise on security.

 

There are three main ways respondents believe the C-suite will sit up and take notice of cyber risk:

  • 62% think it would take a breach of their organization
  • 62% it would help if they could better report on and more easily explain the business risk of cyber threats
  • 61% say it would make an impact if customers start demanding more sophisticated security credentials

“To make cybersecurity a board-level issue, the C-suite must come to view it as a true business enabler,” said Marc Walsh, Enterprise Security Architect at Coillte. “This will prompt IT and security leaders to articulate their challenges to the board in the language of business risk. And it will require prioritized, proactive investments from the boardroom – not just band-aid solutions following a breach.”

 

*Trend Micro commissioned Sapio Research to interview 5321 IT and business decision makers from enterprises larger than 250 employees across 26 countries​.


About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk

#TrendMicro

ADVERTISEMENT

ADVERTISEMENT
Just in:
U.S. Compliance Takes Center Stage at OKX Following Industry Jitters // 2024 Lok Sabha Elections Will Be The Costliest One Till Now In The Whole World // Emirati Aid Reaches Ukraine as Food Shortages Bite // Sharjah Chamber Breaks Ground on Final Expansion with New HQ Pact // Samsung Electronics Launches 2024 Neo QLED 8K, Neo QLED, and OLED Displays to Spark the AI Screen Era // Following the Money Trail: US and UK Investigate $20 Billion in USDT Transfers Tied to Sanctioned Russian Exchange // US reiterates concern over Kejriwal arrest, Cong accounts // Sunshine’s Debut Features Leave Tech World Scratching Its Head // Saudi Arabia Unveils Green Financing Tool to Achieve Net-Zero Goals // Octa seeks to clarify Forex swap and swap-free accounts // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // First-Ever Fortune Innovation Forum Draws Top Global Leaders to Hong Kong, Promoting Agendas On Collective Cross-Sector Advancement // Ingdan Announces 2023 Annual Results // Universal Language for Healthcare: General Authority Embraces Global Coding System // Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // French Leaders Gather for Interfaith Iftar Dinner // Melco Style Presents “SANRIO CHARACTERS STUDIO CITY CARNIVAL” – Explore a SANRIO World of Unlimited Love and Cuteness // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // CABSAT 2024 Ushers in 30 Years of Media Innovation //