9 in 10 CISOs Report at Least One Disruptive Cyberattack in the Last Year

Australian Increase Cyber Security SpendA new report sheds light on whether CISOs have been the victim of a cyber attacks, if they're every paid a ransom, their greatest cyber concerns, and much more.

While most of the reports I cover on this blog are typically surveys of those "in the trenches," we do like to cover analysis of c-suite perspectives. The CISO Report from Splunk provides some interesting insight into experienced cyber attacks and their impact. According to the report:

  • 43% of CISOs reported experiencing “at least one” disruptive cyber attack in their organization
  • 34% experienced cyber attacks “a couple of times”
  • 13% experienced cyber attacks “several times”
  • 96% experienced a ransomware attack
  • 83% said they paid out the ransom

The result of this is 93% of CISOs expect their cybersecurity spending will increase into 2024.

The primary threats identified by CISOs include ransomware, account takeovers, third-party risks, fraud, and malware. But the number one concern on their minds is social engineering attacks.

And rightly so, phishing and social engineering go hand-in-hand, making it imperative that part of an organization’s cybersecurity spend include security awareness training to embolden the strength of the human factor in a cybersecurity stance.

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