Organised cyber crime is top of the list of cyber security incidents that CIOs are required to deal with, according to a survey by recruiter Harvey Nash and professional services firm KPMG.
The Harvey Nash/KPMG 2016 CIO Survey found that nearly 70 per cent of IT leaders believe that organised cyber crime is the biggest threat to business operations. Amateur hackers came a distant second at 48 per cent, followed by malicious insiders (40 per cent), spammers (37 per cent), foreign powers (27 per cent) and competitors (16 per cent).
The survey also found that a third of CIOs have had to respond to a major IT security emergency or cyber attack in the past two years.
Meanwhile, 22 per cent of CIOs are ‘very confident' that they can contain cyber threats, down from 29 per cent in 2014, while 66 per cent are ‘quite confident'.
Adam Woodhouse, director of the CIO Advisory practice at KPMG UK, expressed concern that less than a quarter of IT leaders feel ‘very well positioned' to deal with IT security.
However, there is growing confidence among CIOs in the ability of the board to recognise the risks posed by cyber threats. Last year, 64 per cent felt that their board was tuned to these risks, rising to 68 per cent this year.
Perhaps unsurprisingly, CIO confidence in cyber security increases with organisation size. Only 65 per cent of IT leaders at organisations with IT budgets below $100m are confident in the board, rising to 81 per cent for those with budgets of $100m to $250m and 85 per cent for those with budgets of more than $250m.
Meanwhile, only 40 per cent of respondents cited ‘insiders' as a significant concern, despite an increasingly higher proportion of cyber incidents originating from within the organisation.
Harvey Nash surveyed 3,352 CIOs and technology leaders in 82 countries between December 2015 and April 2016.
The survey also found that CDOs are twice as likely to report to the CEO than the CIO.
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