Page 202 - Cyber Defense eMagazine March 2024

Why 97% of US CIOs are Concerned with

Cybersecurity

By Tracy Collins, VP of Sales, Americas, Opengear

Cybersecurity has always been top-of-mind for business leaders – namely, CIOs.
Cybercriminals constantly search for network vulnerabilities, like system errors, misconfigurations and
out-of-date or unpatched software. Due to the rapid rate of digital transformation, these vulnerabilities
continue to increase, resulting in a higher frequency of breaches and network downtime, compromising
critical operations. According to a report from Radware, an application-distributed denial-of-service
(DDoS) attack can cost an organization $6,130 per minute on average.

Last year, a global and comprehensive study conducted by Censuswide on behalf of a leading Out of
Band management solutions provider discovered that an overwhelming 97% of surveyed US-based CIOs
expressed serious concerns about at least one cybersecurity threat – including malware, spam and
phishing, social engineering and insider threats. While these threats aren’t particularly new, current
cybercity concerns are through the roof among CIOs. The obvious question is: why are CIOs so
concerned?

Cyber Defense eMagazine – March 2024 Edition 202
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