“Only 46% of leaders regularly review their cybersecurity strategies,” the multinational firm said and added that cybersecurity strategies are seen by 85% of executives as a major driver for digital transformation, while only 66% recognise the increased organisational exposure to cyber threats in the wake of digitisation.
The US-based company, as a part of its study interacted with as many as 200 chief executives and chief information security officers across industries such as finance, retail and healthcare, and found areas of disconnect between business and security leaders.
“The research also identified disparities between geographic regions on data protection as well as a digital transformation dichotomy battle between increased risk and increased technology capability,” it said in a statement.
“When more than 89% of leaders believe their teams are more cyber aware than ever, it’s not surprising to hear executives are losing sleep over their cybersecurity posture today because they know the stakes to their business are so high,” Nicolas Fischbach, Global CTO at Forcepoint said.
However, protecting customer data, according to the finding was a resounding priority for leaders in the US (62%) and Europe (64%).
In Asia 61% of leaders interviewed said that they would prioritise protecting organisational IP over customer data.
“At a time when cybersecurity is more strategic to business growth than ever before, it is time senior business and security leaders reassess their cybersecurity strategy to one that enables them to move left of the breach,” Fischbach added.
The study was conducted together with WSJ Intelligence.