What's Most Challenging For CIOs, CTOs? Data Security

by CXOtoday News Desk    Oct 29, 2014

data security

With emerging technology trends like IoT and biometrics and the rising volume of advanced persistent threats (APTs) and DDoS attacks, CIOs and CTOs are on their guard and are giving due attention to enterprise security in their every decision.

Fortinet, a network security firm, says that boardroom pressure to keep the enterprise secure has jumped almost one-third in the last 12 months, making security paramount and a primary consideration over other business initiatives.

According to a study by Fortinet, 63% IT decision makers admitted to abandoning or delaying at least one new business initiative because of IT security concerns.  

The growing awareness of IT security within the boardroom – and its resulting pressure and involvement – was cited as a major contributor to making the IT security job more difficult, with three-quarters rating awareness of senior management as ‘high’ or ‘very high’ today, up from barely 51 percent one year ago.  

Ninety-three percent of Indian CIOs and CTOs believe the job of keeping their enterprise protected is becoming more challenging.

“With IT security on the boardroom agenda,  challenges are clearly adding weight onto the shoulders of senior IT professionals and questioning the ability of some organizations to exploit innovation while remaining secure,” said Rajesh Maurya, Country Manager, India & SAARC, at Fortinet.  

But are there enough resources? Yes, said 90 percent of Indian respondents.

The changing outlook on IT security can be attributed to the high profile issues surrounding data.   

“The good news is that many are positive and feeling well equipped with human and financial resources for the IT security challenges that lie ahead. However, to do so points toward intelligent new strategies and more investment in security technologies,” said Maurya.

Meanwhile ‘Big Data’ and data analytics were cited by 95 percent of respondents in India as a change driver for IT security strategy, with 53 percent of these respondents planning investments. 

 “These organizations must act now to address the impact of the growing threat environment and increased scrutiny on IT security, re-evaluating their goals to ensure they strike the right balance and achieve resilience in the face of cyber threats,” says Maurya.