Organized cybercrime is top of the list of cyber security incidents that CIOs are required to deal with, according to a survey by recruiter Harvey Nash and professional services firm KPMG.
The Harvey Nash/KPMG 2016 CIO Survey found that nearly 70 percent of IT leaders believe that organized cyber crime is the biggest threat to business operations. Amateur hackers came a distant second at 48 percent, followed by malicious insiders 40 percent, spammers 37 per cent, foreign powers 27 percent and competitors 16 per cent.
Adam Woodhouse, director of the CIO Advisory practice at KPMG UK, expressed concern that less than a quarter of IT leaders feel ‘very well positioned’ to deal with IT security.
However, there is growing confidence among CIOs in the ability of the board to recognize the risks posed by cyber threats. Last year, 64 percent felt that their board was tuned to these risks, rising to 68 percent this year.
Perhaps unsurprisingly, CIO confidence in cyber security increases with organization size. Only 65 percent of IT leaders at organization with IT budgets below $100m are confident in the board, rising to 81 per cent for those with budgets of $100m to $250m and 85 percent for those with budgets of more than $250m.
Meanwhile, only 40 percent of respondents cited ‘insiders’ as a significant concern, despite an increasingly higher proportion of cyber incidents originating from within the organization.
Harvey Nash surveyed 3,352 CIOs and technology leaders in 82 countries between December 2015 and April 2016.
The survey also found that CDOs are twice as likely to report to the CEO than the CIO.
Date : May 25, 2016