"Security Flaws Cost Fifth of Execs Business"

Security researchers at Trend Micro have discovered that boards continue to under-appreciate the value of cybersecurity to the business, despite acknowledging its critical role in winning new business and talent.  The researchers polled 2718 business decision-makers globally.  The researchers found that half (51%) believe cybersecurity is a necessary cost but not a revenue contributor, 48% argue that its value is limited to threat prevention, and two-fifths (38%) see security as a barrier rather than a business enabler.  That’s despite a fifth (19%) acknowledging that poor security posture has already impacted their ability to win new business.  The researchers noted that just half (57%) think there is a strong connection between cyber and client acquisition.  The researchers stated that these conflicted views extend to talent acquisition.  Only around two-fifths of respondents said they perceive a strong connection between cybersecurity and employee retention (42%) and talent attraction (43%).  However, in the same breath, they recognize the impact of poor security on the employee experience, which in turn can influence job satisfaction.  Some 83% say current security policies have affected remote employees’ ability to do their jobs.  The researchers argued that business leaders need to rethink their attitudes toward cybersecurity.

Infosecurity reports: "Security Flaws Cost Fifth of Execs Business"