IT security leaders worried about increasing digital threats

Lack of resources blamed for the rise in cyber-crime

Cyber crime posted within binary code

Around nine in ten of information security leaders are concerned about the sharp hike in digital threats posed across web, social and mobile channels.

According to a report by RiskIQ, a survey of CISOs and other IT security leaders found that 89.1% of respondents voiced concerns over the growing tide of criminality on the internet.

The survey questioned 1,691 US and UK information security leaders across multiple industries, including enterprise, consulting, government and education. 

The survey revealed a "perfect storm" caused by a lack of resources alongside an astronomical rise in cybercrime leaving too many organisations inadequately set up to respond to the threats.

The report found that 67% feel they do not have the sufficient staff to handle the constant siege of cyber alerts. Another 60% expect the digital threats to grow as businesses increasingly move online to engage with customers. 

The top three digital threats posed are phishing, malware attacks on employees and customers; brand impersonation, abuse and reputational damage as well as information breach.

The report also underlined the need for organisations to have staff more experienced with monitoring the digital threats and protecting networks from cybercrime. 

This comes during a time when hacking has led to some potentially devastating data theft, including the hacking of the NHS last year. 

Lou Manousos, CEO at RiskIQ, said that the survey shows  a growing industry-wide problem, "which is that cybercrime is growing at scale, and enterprises are already experiencing critical staff shortages".

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