Persistently low IT/C-suite engagement may imperil investments and expose organisations to increased cyber risk, according to new research from Trend Micro.
The research found more than 90% of the Australian IT and business decision makers surveyed expressed particular concern about ransomware attacks.
Despite widespread concern over spiralling threats, the study found that only around half (52%) of responding IT teams discuss cyber risks with the C-suite at least weekly.
“Vulnerabilities used to go months or even years before being exploited after their discovery,” says Ashley Watkins, vice president, Trend Micro A/NZ.
“Now it can be hours, or even sooner. More executives than ever understand that they have a responsibility to be informed, but they often feel overwhelmed by how rapidly the cybersecurity landscape evolves,” says Watkins.
“IT leaders need to communicate with their board in such a way that they can understand where the organisations risk is and how they can best manage it.”
Fortunately, current investment in cyber initiatives is not critically low. Just over half (54%) of respondents claimed their organisation is spending most on cyber-attacks to…
