Page 202 - Cyber Defense eMagazine March 2024
P. 202

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            out-of-date or unpatched software.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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