CEO’s Overconfidence in Cybersecurity Could be their Undoing

INFO SECURITY MAGAZINE | 13 December 2016 

CEOs’ overconfidence in their organization’s ability to deflect attacks could be exposing global firms to greater cyber risk, according to new research from RedSeal.

The cybersecurity analytics firm interviewed 200 CEOs of global firms, and found over 80% were very confident in their cybersecurity strategy.

This is despite data breach incidents soaring in 2016. In the US alone there have been nearly 1,000 reported incidents this year, leading to the exposure of 35 million records, according to the Identity Theft Resource Center.

In the UK, government figures from May claimed that two-thirds of large firms had been hit with a cyber attack or breach in the past 12 months.