71% of CISOs Believe Cyber-warfare is a Threat to Their Organization

Over seven in 10 (71%) CISOs consider cyber-warfare to be a threat to their organization, according to Bitdefender’s global 10 in 10 study published today.

In addition, the report found that 50% of infosecurity professionals believe cyber-warfare will be detrimental to the overall economy during the next 12 months.

Despite this, over a fifth (22%) of CISOs admitted that they do not currently have a strategy in place to defend against this threat. More encouragingly, 51% of CISOs and 48% of infosec professionals acknowledged that they need a strategy to protect against cyber-warfare during the next 12-18 months.

The survey of 6,724 infosecurity professionals also showed that ransomware has risen substantially amid the COVID-19 pandemic in 2020, with 43% reporting seeing an increase in this type of attack. Close to three-quarters (70%) of CISOs/CIOs and 63% of infosec professionals said they expect to see ransomware attacks grow further in the next 12-18 months, while 59% of CISOs/CIOs and 50% of infosec professionals expressed fears that a ransomware attack could potentially wipe out their business in the next 12-18 months if there is no increased investment in security.

In order to gain internal investment to improve defences against these cyber-warfare and ransomware threats, there was agreement amongst 51% of infosec professionals that the way they communicate about security has to change dramatically. In regard to the type of changes needed, 41% of infosec professionals believe more communication with the wider public are required, both within and organization and outside. Additionally, 38% feel there should be better communication with C-suite executives, particularly in helping them appreciate the wider business risks posed by these cyber-attacks.

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