WALL STREET JOURNAL | December 16, 2016
CEO Disconnect: A survey of 200 chief executives by cybersecurity analytics firm RedSeal and data company 72 Point found 80% of the respondents operate with “cyber naiveté” that exposes their companies as ripe cyberattack targets. So while 80% of the CEOs said they were confident in their company’s cybersecurity strategies, half still prioritized the outdated view of keeping hackers out of their networks compared to 24% who are taking steps to deal with hackers who already have breached their networks.
“CEOs’ confidence reflects a disconnect with the reality of increased cyberattacks and the massive financial losses associated with them,” the survey report concluded. “In addition, their confidence is based on a strategy determined to be insufficient and out of date more than two years ago.”