New research from Gartner indicates that the vast majority of CIO’s expect cyber security threats to increase during the next three years.

However, many say their organisations do not have a cyber security expert in place to protect crucial data, according to a new report from the research firm.

The firm queried 3,160 CIO’s in 98 countries as part of its 2018 CIO Agenda Survey, and found that 95% anticipate cyber threats will increase during the next three years. However, only 65% of their organisations currently have a cyber security expert.

The survey also shows that skill challenges continue to plague organisations that undergo digitisation, with digital security staffing shortages considered a top inhibitor to innovation. It indicates that cyber security remains a source of deep concern for organisations.

Shift in security budgets

Some 35% of respondents said their organisations have already invested in and deployed some aspects of digital security, while an additional 36% are actively experimenting or planning to implement security initiatives in the short term. The report predicts that 60% of security budgets will be in support of detection and response capabilities by 2020.

Many cyber criminals operate in ways that organisations struggle to anticipate, and they also show a readiness to adapt to changing environments, said Rob McMillan, research director at Gartner.

“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,” McMillan said. “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.”

Source: Health Data Management