Only 65% of organisations globally have a cybersecurity expert, even though 95% of Chief Information Officers (CIO’s) expect cyber threats to increase over the next three years, according to a report today.

According to market research firm Gartner’s “2018 CIO Agenda Survey,” skills challenges continue to plague organisations that undergo digitalisation, with digital security staffing shortages considered a top inhibitor to innovation.

“In a twisted way, many cyber criminals are digital pioneers, finding ways to leverage big data and web-scale techniques to stage attacks and steal data,” Rob McMillan, Research Director at Gartner, said in a statement.

The firm gathered data from 3,160 CIO respondents in 98 countries and across major industries, representing approximately $13 trillion in revenue/public sector budgets and $277 billion in IT spending.

“CIO’s can’t protect their organisations from everything, so they need to create a sustainable set of controls that balances their need to protect their business with their need to run it,” McMillan added.

35% of survey respondents indicated that their organisation had already invested in, and deployed some aspect of digital security, while an additional 36% are actively experimenting or planning to implement in the short term.

An increasing priority

According to Gartner, 60% of security budgets will be in support of detection and response capabilities by 2020.

The findings showed that many CIO’s consider growth and market share as the top-ranked business priority for 2018.

“The bad news is that cybersecurity threats will affect more enterprises in more diverse ways that are difficult to anticipate,” McMillan said.

While most organisations have a role dedicated to a cybersecurity expert, and therefore appreciate its needs, the cybersecurity skills shortage continues.

The research firm recommends that Chief Information Security Officers (CISO’s) continue to build bench strength through innovative approaches to developing the security team’s capabilities.

Source: Tech2