That CTOs should be concerned about cybersecurity and data breaches is perhaps not the biggest surprise. 2022 has seen more data breaches than ever before, and it feels like the impact of a breach is increasing too.
Damage to the brand, paying ransomware costs, time and resources to address the breach, data privacy law penalties – these are all implications that contribute to cybersecurity fears being cited as the main thing keeping CTOs awake at night, according to our recent research, the State of European Dev Ecosystem 2022.
How can CTOs ease cybersecurity concerns while also addressing longer-term issues such as aligning technology with the business objectives in their organisation, a lack of IT resources to manage current projects, and a scarcity of technical talent?
CTO challenges
Our research highlighted the severity of the challenges that CTOs are facing. 60% of CTOs believe that technology is not aligned with their organisation’s business objectives. When you factor in that more than one-third of CTOs feel that the rest of the board undervalues the role of the CTO, it’s easy to see being CTO as a thankless task, deprioritised by others.
Then there are more specific challenges. A lack of IT resources to manage current projects, and a scarcity of technical talent were both cited by CTOs as an issue. ..
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