More than half of Middle Eastern business leaders (59%) now list cybersecurity attacks as one of their top three business concerns, making it a top priority over price inflation (47%) and IT talent shortages (49%).
According to new research from Rackspace Technology, nearly three-quarters of respondents (75%) believe security teams have better board visibility than they did five years ago, and (55%) now believe that top management is an advocate for cybersecurity By.
Overall, communication between the two teams is also strong, with two-thirds (65%) seeing few communication silos and nearly seven-in-ten (68%) seeing executives and security teams collaborate on a regular basis .
Rob Treacey, head of EMEA security at Rackspace Technology, said: “The findings that cybersecurity is now being prioritized at the board or C-suite level are encouraging – although it also reflects the scale and severity of the challenge that many organisations currently have face cyber threats.
“In the past we’ve often seen security teams disrupted or isolated within organizations when they need to be heard. So it’s no surprise to see cybersecurity become a critical business issue as senior leaders finally recognize the need Keep hackers out and the potentially devastating consequences of not doing so.”
This improvement advocated at the top has in turn helped to boost funding, with nearly seven in 10 organizations (70%) now increasing their investment in cybersecurity.
Properly distributing the increased funding is becoming the latest challenge, especially as the labor market tightens and professional networking skills command a premium. In the Middle East, lack of resources (28%) was cited as the most common reason organizations needed to work with an external security provider, with a lack of expertise (51%) coming in second.
With business operations now dominated by the cloud, nearly two-thirds (64%) of organizations are now investing in cloud-native security—another more specialized area of their overall cybersecurity program.
Rob Treacey added: “It’s no longer a challenge for security teams to increase investment because they’ve embraced the need. The problem is that these senior leaders want to throw money at them to solve problems, which can only be done by Smart decision to solve.
“Many organizations don’t have the skills or resources to deal with the level of threats they may encounter and are struggling to find them in a tough labor market. While it’s encouraging to see leadership take security seriously, there’s a lot to be said for securing organizations against cyber threats There are still real challenges.” – arab trade news agency