Insider corporate data theft is the biggest threat to digital business in 2016: report

The survey, "The State of Cybersecurity and Digital Trust 2016", was conducted by HfS Research on behalf of Accenture.

By: Tech Desk | Updated: June 28, 2016 12:59:21 pm
data theft, corporate data theft, malware attack, cyberattack, cybersecurity, Internet, online safety, phishing, Accenture, HfS Research, technology, technology news The survey, “The State of Cybersecurity and Digital Trust 2016”, was conducted by HfS Research on behalf of Accenture.

Insider data theft and malware attacks top the list of the most significant concerns for enterprise security executives, says a new report from Accenture and HfS Research.

According to the research, a budget shortage for hiring cyber-security talent is hindering the ability of organisations to properly defend themselves against these attacks.

The survey, “The State of Cybersecurity and Digital Trust 2016”, was conducted by HfS Research on behalf of Accenture. More than 200 C-level security executives and other IT professionals were polled across vertical industry sectors.

“Our research paints a sobering picture. Security leaders believe threats are not going away, in fact they expect them to increase and hinder their ability to safeguard critical data and establish digital trust,” said Kelly Bissell, senior managing director, Accenture Security.

The report identifies five gaps disrupting the ability of enterprises to effectively prevent cyber-attacks:

Talent: Thirty-one per cent respondent say either lack of training or staffing budget is the biggest inhibitor to combat attacks.

Technology: Firewalls and encryption are the most important technologies to combat cyber threats.

Parity: Only 35-57 per cent of all enterprises said they assess ecosystem partners for cyber integrity and preparedness.

Budget: Seventy per cent cite inadequate funding for cyber-security technology.

Management: 36 per cent of respondents agree their executive management consider cyber-security an unnecessary cost.

“While the gaps we identified can be overcome, they do collectively underscore the need for an inherently different approach, one that includes more robust risk management measures and the development of digital trust,” said Fred McClimans, research vice president, Digital Trust and Cybersecurity, HfS Research.

“There is an important opportunity to address these gaps by rethinking how digital trust and security can be holistically woven into the enterprise fabric through the integration of automation and AI solutions as well as through business partnerships and processes,” McClimans added.

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