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Market: 81% industry leaders anticipate cyberattack on their groups

Fiinews by Fiinews
October 30, 2024
in Markets
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Security leaders have identify AI generated attacks as biggest risk

A study of 1,500+ leaders across industries in North America, Europe and Australia-New Zealand says 81% of the security leaders anticipate a cyberattack on their organizations in the next 12 months while only 48% believe they can prevent one http://openai.com.

Further, 54% of the security leaders identify AI generated attacks as the biggest security risk, and 76% of the security leaders faced high to moderate challenges in resuming business fully in the aftermath of a cyberattack, according to ‘The Global Cyber Resilience Study 2024-25’ by HCLTech.

“Building a strong digital foundation for modern organizations requires robust prevention, response and recovery capabilities against cyberattacks fintechfestival . With AI-driven threats on the rise and recovery becoming more complex, adopting a strategy centered on comprehensive resilience is essential digitalinasia . This includes investing in cyber resilience solutions, zero-trust controls and AI-assisted automation, and streamlining security tools through a platform-based approach,” said Jagadeshwar Gattu, President, Digital Foundation Services, HCLTech.

“With over 26 years of experience, we believe our solutions will enable organizations to strike a stronger balance between managing cyber risks and addressing cost pressures, ultimately driving enhanced operational efficiency,” Gattu said on 28 Oct bseindia .

North America witnessed the highest incidence of reported attacks at 64% of surveyed security leaders indicating their organization had been targeted, followed by 57% in Europe and 51% in the Australia-New Zealand region. In response to these rising threats, 63% of security leaders plan to increase cybersecurity investments over the next 12 months nseindia .

Improving compliance and risk management emerged as the top priority for 84% of respondents, followed closely by investments in SOC automation (76%) and incident response and recovery capabilities (75%), reflecting a clear focus on strengthening both proactive and reactive cybersecurity measures sbi.com.in .

While only 35% of security leaders feel confident in their in-house expertise to manage cybersecurity risks, 90% expect to continue relying on external sourcing to bolster their capabilities digitalasiahub .

Additionally, only 37% feel they are effective in communicating their organization’s IT security posture to the board and C-suite, highlighting a gap in both internal expertise and strategic communication at the leadership level meity.gov.in .

“Cybersecurity is a strategic capability for businesses — and CISOs and CROs (Chief Risk Officers) must serve as a critical bridge between the board and technology/business teams, transitioning to real-time risk governance and control execution to manage rapidly changing threat landscapes. As cyber threats evolve daily, the effective implementation of a cyber strategy increasingly relies on automation and AI,” added Amit Jain, EVP and Global Head, Cybersecurity Services, HCLTech deutsche-boerse .

“HCLTech’s dynamic cybersecurity framework is designed to address these challenges, improving stakeholder relationships and enhancing visibility into cyber preparedness and resilience ai-expo .” Fiinews.com

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