Organisations starting to trust automated security, new research finds

The majority of executives polled by Radware say they trust automated security solutions with a third saying they trust automated cyber defence compared with humans.

The study, the 2017 Executive Application & Network Security Survey, was conducted by Merrill Research on behalf of Radware in April 2017, which surveyed 200 executives – 100 in the US and 100 in Europe. The report helps understand the threat landscape, potential impact on businesses, level of preparedness, emerging threats and predictions for the coming year.

The survey found that about 81% of the executives trust automated security solutions, whereas 57% showed an increased trust in automated systems; 38% believed that automated security systems would be the primary resource for managing cyber security within two years and 85% said that security threats are a board-level concern in their company and 94% were of the opinion that security is an extremely important priority, with 62% rating it as “extremely important.”

Almost half (47%) of all executives said bringing about improvements in information security was a major priority in integration of digital technologies.

The biggest security threats in the next three to five years according to the survey will be network infrastructure (27%) followed by IoT (22%) devices and Energy/Power Infrastructure (21%). The biggest security concern that executives had was a cyber-attack harming customer experience, which 39% of executives ranked as their top worry. Among other concerns was brand reputation loss (36%), followed by operational and customer loss (both 29%) and revenue loss (34%).

Interestingly, executives had less faith in the government when it came to security. 67% believed that current laws and legislation related to information security compromise individual privacy and 79% of executives believe government should do more to protect personal information.

 

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