Businesses in the Middle East Getting Cautious About Cybersecurity

Enterprise Security Magazine | Friday, September 16, 2022

In cybersecurity, 75 percent of respondents believe that security staff has better board visibility now than they did five years ago.

FREMONT, CA: Cybersecurity attacks are among the top three business issues for more than half of Middle Eastern business leaders. They rank it above price inflation at 47 percent and IT skills shortages at 49 percent.

Almost three-quarters of business leaders believe that security teams have better board visibility than they had five years ago, and 55 percent now see the C-suite as advocates for cybersecurity. Nearly seven in ten, 68 percent, witness that the C-suite and security teams often cooperate, and two-thirds, 65 percent, believe there are few communication silos between their teams.

The discovery that cybersecurity is increasingly being prioritized at the board or C-suite level is highly encouraging, but it also reflects the scope and gravity of the difficulties many organizations face from cyber threats. In the past, security personnel was compartmentalized or muted within organizations when their views needed to be heard. As senior leaders finally see the need to keep hackers out and the potentially catastrophic consequences of doing otherwise, it is predictable that cybersecurity will become a crucial corporate challenge. Almost seven out of ten organizations, 70 percent, are increasing their investment in cybersecurity due to this more robust advocacy at the top level.

The latest problem is determining how to allocate these additional funds effectively, particularly given the shortage of workers and the high demand for specialized cyber capabilities. Lack of resources and experience are the two most frequent factors cited in the Middle East as to why an organization has to work with outside security providers.

Additionally, nearly two-thirds of 64 percent of organizations are now investing in cloud-native security, another part of a more extensive cybersecurity program that is more specialized, given that business operations are now conducted mainly in the cloud.

Making a case for more investment is no longer difficult for security teams because the C-suite has become convinced of the necessity. The problem is that many senior leaders believe they would disappear by spending money on issues. Nevertheless, this can only be done by making wise choices.

In a competitive labor market, many organizations find it challenging to get the talent they need to counter the number of dangers they will face. While it is excellent to witness leadership take security seriously, there are still significant obstacles to overcome to ensure that organizations can fend off cyber assaults.

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