"Given the vital role played by smaller companies in the U.S. economy, the economic impact could be quite severe should we suffer another 9/11 type attack in heavily populated areas."
Some Security Officers Seldom See Their CEO
Approximately 21 percent of chief executives report that they meet with their top security officer at least weekly, and an additional 25 percent meet at least monthly. But 28 percent meet with their security directors only a few times a year, and 26 percent report that they have never met with the security chief at any time during the previous year.
Access of security officers to their CEO has a direct impact on security spending. Three-quarters of the companies that hold weekly security meetings with top executives report an increase in security spending since 9/11, compared to only 30 percent of those firms where the chief executive never meets. In companies with senior-level security meetings at least once a month, at least 30 percent report an increase in spending of 10 percent or more, compared with 19 percent of companies with occasional senior-level meetings and 9 percent of companies where the chief executive and security director never meet.
The Conference Board study finds that the smaller the company, the less likely its board of directors is to establish written security guidelines, and the less likely the company has procedures in place to handle security problems.
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
