Trend Micro today announced new research* revealing that 81% of Canadian IT decision makers claim their business would be willing to compromise on cybersecurity in favor of hybrid working, productivity, innovation or other goals. Additionally, 70% have felt pressured to downplay the severity of cyber risks to their board.
The Canadian research reveals that just 44% of IT leaders and 45% of business decision makers believe the C-suite completely understand cyber risks. Most think this is because the topic is complex and constantly changing. When it comes to who’s ultimately responsible for managing and mitigating risk, 32% of respondents think it’s the CEO, with IT organizational teams coming in second, at 29%. When asked if more people should be held responsible for managing/mitigating business risk, 75% of respondents agreed.
The survey also found that 50% of respondents claim that cyber risks are still being treated as an IT problem rather than a business risk. This friction is causing potentially serious issues: almost half (48%) of respondents agree that their organization’s attitude to cyber risk is inconsistent and varies from month to month.
However, 36% of respondents believe cybersecurity is the biggest business risk today, and 64% claim it has the highest cost impact of any business risk – a seemingly conflicting opinion given the overall willingness to compromise on security.
There are three main ways respondents believe the C-suite will sit up and take notice of cyber risk:
- 65% think it would take a high-profile breach being reported in the media
- 61% say it would help if a competitor has a breach
- 59% say it would make an impact if their organization is breached
To read a full copy of the global report, please visit: https://www.trendmicro.com/explore/en_gb_trendmicro-global-risk-study
*Trend Micro commissioned Sapio Research to interview 207 IT and business decision makers from enterprises larger than 250 employees across Canada.
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The IT Nerd 
81% Of Canadian IT Decision Makers Believe Organizations Compromise On Cybersecurity: Trend Micro
Trend Micro today announced new research* revealing that 81% of Canadian IT decision makers claim their business would be willing to compromise on cybersecurity in favor of hybrid working, productivity, innovation or other goals. Additionally, 70% have felt pressured to downplay the severity of cyber risks to their board.
The Canadian research reveals that just 44% of IT leaders and 45% of business decision makers believe the C-suite completely understand cyber risks. Most think this is because the topic is complex and constantly changing. When it comes to who’s ultimately responsible for managing and mitigating risk, 32% of respondents think it’s the CEO, with IT organizational teams coming in second, at 29%. When asked if more people should be held responsible for managing/mitigating business risk, 75% of respondents agreed.
The survey also found that 50% of respondents claim that cyber risks are still being treated as an IT problem rather than a business risk. This friction is causing potentially serious issues: almost half (48%) of respondents agree that their organization’s attitude to cyber risk is inconsistent and varies from month to month.
However, 36% of respondents believe cybersecurity is the biggest business risk today, and 64% claim it has the highest cost impact of any business risk – a seemingly conflicting opinion given the overall willingness to compromise on security.
There are three main ways respondents believe the C-suite will sit up and take notice of cyber risk:
To read a full copy of the global report, please visit: https://www.trendmicro.com/explore/en_gb_trendmicro-global-risk-study
*Trend Micro commissioned Sapio Research to interview 207 IT and business decision makers from enterprises larger than 250 employees across Canada.
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This entry was posted on November 15, 2021 at 10:03 am and is filed under Commentary with tags Trend Micro. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.