Intelligent SME.tech Issue 27 | Page 18

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RESEARCH FINDS CYBERSECURITY IS THE LEADING business concern for IT leaders

ACKSPACE TECHNOLOGY , A

R leading end-to-end multi-cloud technology services company , has announced over half ( 59 %) of global IT leaders cite cybersecurity as one of their C-suite ’ s topthree business concerns , ahead of issues such as inflation ( 51 %) retaining and hiring talent ( 45 %) and supply chain / logistics management ( 45 %), according to a new survey of 1,420 global IT professionals conducted by Rackspace Technology . and away the leading business concern and a major focus of IT investment , but with talent

Despite sizable increases in their cybersecurity investment , greater board visibility and increased collaboration between the security team and the C-suite , less than half of respondents ( 43 %) say that they are protecting critical data and assets from threat .

70 % OF SURVEY RESPONDENTS
REPORT
THAT THEIR CYBERSECURITY BUDGETS HAVE
INCREASED OVER THE PAST
THREE YEARS .
Moreover , a large majority report being either unprepared or only ‘ somewhat prepared ’ to respond to major threats , such as identifying and mitigating threats and areas of concern ( 62 %), recovering from cyberattacks ( 61 %) or preventing lapses and breaches ( 63 %). When asked to name the top three cybersecurity challenges their organisation is facing , migrating and operating apps to the cloud led the way ( 45 %), followed by a shortage of workers with cybersecurity skills ( 39 %) and a lack of visibility of vulnerabilities across all infrastructure ( 38 %).
“ As more and more organisations migrate their IT infrastructure away from data centres and advance their cloud transformation initiatives , they are increasing attention on how these changes can impact their security posture ,” said Karen O ’ Reilly-Smith , Chief Security Officer , Rackspace Technology . “ As the survey results demonstrate , cybersecurity continues to be far
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