TRENDING insurance to shift the risk – 60 % said they would place a cyber insurance claim to recover losses incurred in various types of attacks .
• Supply chain risk is an increasing priority : 69 % of CISOs say they have adequate controls in place to mitigate supply chain risk , a significant increase from last year ’ s 50 %. While these protections may feel adequate for now , going forward , CISOs may feel more strapped for resources – 58 % say the shaky economy has negatively impacted their cybersecurity budget .
• People risk grows as a prominent concern : There has been a consistent rise in the number of CISOs who view human error as their organization ’ s biggest cyber-vulnerability – 59 % in this year ’ s survey vs . 53 % in 2022 and 37 % in 2021 . At the same time , 62 % of CISOs believe that employees understand their role in protecting the organization , compared to 59 % in 2022 and 42 % in 2021 ; this illustrates a struggle to build a strong security culture .
• CISOs and boards are much more in tune : 60 % of CISOs agree their board members see eye-toeye with them on cybersecurity issues . This is a substantial increase from the 44 % of CISOs who shared this view last year and the 46 % who felt this way in 2021 .
The report recognizes that while organizations have largely overcome the disruptions of the last two years , the effects of the Great Resignation and employee turnover continue to linger , exacerbated by the recent wave of mass layoffs – 87 % of CISOs in Singapore who experienced a data loss event say that employees leaving the organization played a role .
Even though 55 % of security leaders in Singapore had to deal with the loss of sensitive information in the
past 12 months , 68 % believe they have adequate data protection in place .
The 2023 Voice of the CISO report examines global third-party survey responses from more than 1,600 CISOs at mid-to-large size organizations across 11 different industries .
The report discusses global trends and regional differences around three central themes : the threats and risks CISOs face daily ; the impact of employees on organizations ’ cyber preparedness ; and the defenses CISOs are building , especially as the economic downturn puts pressure on security budgets .
The survey also measures the changes in alignment between security leaders and their boards of directors , exploring how their relationship impacts security priorities .
“ Our 2023 Voice of the CISO report reveals that amidst the rising difficulties of protecting their people and defending data , CISOs are being tested at a personal level with higher expectations , burnout and uncertainty about personal liability ,” said Yvette Lejins , Resident CISO , Asia Pacific and Japan at Proofpoint .
“ The improving relationship between security leaders and board members gives us hope , however , and this partnership will enable organizations to overcome the new challenges they face this year and beyond .”
Ryan Kalember , Executive Vice President of Cybersecurity Strategy , Proofpoint , said : “ If recent devastating attacks are any indication , CISOs have an even tougher road ahead , especially given the precarious security budgets and new job pressures . Therefore , CISOs must ensure they focus on the right priorities to move their organizations toward cyber-resilience .” p
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