- C-suit cybersecurity awareness is up with 95% expressing important priority and 82% stating on CEO concern
- With uncertainty, spending is up. Maybe (in)directly related by numbers show 2/3 of executives reported 10%-59% increase in cybersecurity spend last year (72% bought into cyber insurance and 42% implemented stricter security policies for telecommuting).
- C-level may not be engaged in every breach (ransomware up from 16 to 25% in a year) visitbity is up with 54% admitted to paying ransom averaging $7500 in the US and 22K Euro.
- Jobs for ex-hackers are on the rise with 23% of respondents leverage their skills and another 36% would do the same. In addition, automated model and alerting has spiked to 40% over the last couple years and continues to grow.
- Of course IoT and network infrastructure is a top concern with device takeovers and bots prevalent on a wide scale. That said, security wearables policy have been in effect for about 2 years for almost half the respondents.
- Over the last 2 year 44% have include suppliers and partners into the security process and another 33% will do so in the 2 years though 22% have not addressed.
- Greater emphasis are place in inbound/outbound packet inspection which is counterbalanced with increased SSL/encryption.
- Impact of Security Threats on Business for Brand Reputation Loss averages 34% for US and UK and Operational Loss 31%, and Revenue Loss at 30%
- Importance of thwarting security threats total 35% being changes to technology, followed by changes C-Level awareness at 33%, education/knowledge 32% and change in process at 28%
https://www.radware.com/newsevents/pressreleases/execs-wont-pay-ransom-attacks-til-hacked/
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