Intelligent CXO Issue 21 - Page 57

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LACK OF IT SKILLS : GREATEST DATA SECURITY CHALLENGE AUSTRALIAN ENTERPRISES FACE

Rubrik , a Zero Trust data security company , has announced the Australian findings from its inaugural State of Data Security report , commissioned by Rubrik and conducted by Wakefield Research .

Among the key findings regarding the most pressing challenge , Australian cybersecurity leaders face in securing their organisation ’ s data was ‘ insufficient talent in IT and SecOps ’, cited by 26 % of respondents as the top security challenge .
More than 120 Australian respondents including CIOs , CISOs , IT and cybersecurity leaders were interviewed as part of Rubrik Zero Labs ’ The State of Data Security – The Human Impact of Cybercrime report , with more than 1,600 leaders worldwide taking part in the research .
With a lack of security talent , 96 % of Australian security and IT leaders said they ’ re concerned they won ’ t be able to maintain Business Continuity if they experienced a cyberattack in the next year .
• Lack of cybersecurity tools and solutions in place
• Haven ' t adequately addressed vulnerabilities from previous attacks
• Disagreement between different teams on how to protect against cyberattacks
Additional Australian findings from the report include :
• When faced with ransomware specifically , 73 % of Australian respondents said they ’ d consider paying the ransom with almost half ( 47 %) saying that they ’ d be ‘ extremely ’ or ‘ very likely ’ to pay the ransom
• Although zero-day attacks receive much of the cybersecurity industry ’ s attention , few Australian security leaders see it as their top threat in the coming year . The threats of most concern to local organisations were data breaches ( 31 %), phishing ( 22 %), denial of service attacks ( 17 %), ransomware ( 16 %), then zero-day exploits ( 14 %) x
Dale Heath , CTO at Rubrik Australia and New Zealand , said the spate of recent data breaches is collectively Australia ’ s turning point , causing local business leaders to become acutely aware of the risk of cyberattacks : “ The recent wave of cyberattacks have highlighted the lack of visibility and control organisations have into their environment . If you ’ re unable to answer questions like ‘ what sensitive data do I have ?’ and , more importantly , ‘ where is that data stored ?’, how can you begin to understand the risk associated with it ?
“ This ‘ Road to Damascus moment ’ is forcing Australian businesses to accept that a breach is inevitable – once you ’ ve taken this crucial first step , the way you protect your sensitive data changes drastically .”
The top five challenges local security leaders face in securing their data highlights a lack of essential resources – particularly skilled talent . When asked what their most pressing data security challenge was , Australian organisations cited :
• Insufficient talent in IT and SecOps
• Insufficient budget for data security
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