Over recent years, cyber security has developed into one of the biggest considerations for businesses of all sizes. Whether you’re a large organisation with thousands of people in the workforce, or a small company with only a handful of employees, the threat of suffering a cyber attack exist for all. The task of preventing such an attack has largely been given to the IT team within a company. However, this is now starting to become unsustainable. Security threats are developing at a rampant pace, and IT teams across the globe are struggling to keep up. Therefore, CEO’s are realising that the time to take action is now.
As the workplace becomes more and more technological, the number of operating systems, databases and applications are increasing rapidly. Consequently, this means significantly more work must be carried out to ensure the protection of all said devices. Work that is starting to take up too much time for those involved in IT. Security is just one aspect of their daily responsibilities, meaning the individuals involved are becoming severely stretched. A recent study emphasises this, as it found that it takes around four months to implement a software patch across an organisation.
With practices taking such a lengthy amount of time to implement, many businesses are being forced to cut corners in order to achieve their objectives. However, this is extremely dangerous, as it makes you more vulnerable to hackers exploiting gaps in your security. A staggering 85% of security breaches take advantage of system vulnerabilities for which patches were available for more than a year. This highlights the current shortcomings, and why CEO’s are becoming deeply concerned. IT teams are not able to cope with the increasing sophistication of attacks, and need support from those in the boardroom.
Ultimately, the bottom line is that CEO’s would rather not get involved with cyber security, and would prefer to focus their investments elsewhere. However, as the threat continues to evolve, doing nothing is simply not an option. It has to be made a priority at boardroom level, such are the far reaching consequences of a breach. Operations cannot be allowed to be impacted. Customers must not have any confidential information breached. The impact is too costly for a business. CEO’s must get involved. Their security relies upon it.