One in five CISOs reports directly to the CEO today as organisations focus more on IoT and cloud
The latest study from Wipro has found that one in five CISOs are now reporting directly to the CEO, with cloud and Internet of Things (IoT) strategies increasingly on the radar.
Wipro’s latest study, titled “2019 State of Cybersecurity Report”, is based on three months of primary and secondary research, including surveys of security leadership, operational analysts, and 211 global organisations across 27 nations.
The study, which is based on three months of primary and secondary research, found that 15% of organisations have a security budget of more than 10% of their total IT budgets. It was also found that 65% of the companies are tracking and reporting regulatory compliance, along with 25% of the firms carrying out security assessments in every build cycle. Additionally, 39% of the organisations have purchased a dedicated cyber insurance policy.
According to the report, many organisations are adopting cyber-resilient strategies in newer ways. For instance, 28% of the organisations see cloud account hijacking as one of the top security threats to their cloud environments as cloud and IoT adoption is on the rise. Moreover, 26% of organisations are prioritising security assessment of IoT devices to ward off new risks.
A recently published report, titled “The Impact of Security Alert Overload”, from Critical Start, which polled more than 50 security operations centre (SOC) professionals across enterprise and managed security services, found over 70% of the respondents check more than 10 security alerts every day, which is a twofold rise than 2018’s figures. More than three quarters (78%) said it takes at least 10 minutes to investigate each alert, up from 64% in 2018.
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