WALTHAM, Mass., Feb. 21, 2018 /PRNewswire/ -- A new global
cybersecurity study commissioned by Raytheon (NYSE: RTN), in
partnership with Ponemon Institute, reveals a majority of
senior-level IT professionals fully expect their organization will
experience a catastrophic data breach that could greatly impact
shareholder value. The 2018 Global Megatrends in Cybersecurity
survey of 1,100 senior-level IT and IT security global
practitioners also shows that despite growing threats, IT
professionals believe cybersecurity is still not considered a
strategic priority among senior leadership.
"Our hope is that CISOs and senior leaders can use this report
as a tool to start a deep dialogue about the critical need for
cybersecurity within their organizations," said Raytheon Chairman
and CEO Thomas A. Kennedy. "Every
day the cyber threat is growing more sophisticated and aggressive,
posing a real threat to global businesses across all sectors. To
reduce risks, leaders must urgently work with their IT teams to
identify potential vulnerabilities, develop an action plan and make
the investments needed to protect the value of their
organization."
The study looks at how cyber trends have evolved since Raytheon
first sponsored the research in 2015. It also asks security
professionals in the U.S., Europe,
Middle East and North Africa to identify future trends over
the next three years. Key findings include:
- 82% of respondents predict their workplace will suffer a
catastrophic data breach in the next three years as a result of
unsecured IoT devices. 66% say such an attack would seriously
diminish shareholder value.
- 67% believe cyber extortion, such as ransomware and data
breaches will increase in frequency and payout.
- 60% predict nation-state attacks against government and
commercial organizations will worsen and could potentially lead to
a cyber war.
- 46% believe their cybersecurity strategy will improve, down
from 59% in 2015.
- 60% expect their companies will have to spend more to achieve
regulatory compliance and respond to lawsuits and litigation.
Despite growing concerns about sophisticated and persistent
cyber threats, only 36% of respondents believe senior leadership
consider cybersecurity a strategic priority. Senior leadership are
also seen as seemingly disengaged in the oversight of their
organization's cybersecurity strategy with 68% of CISO/IT
Executives surveyed saying their Boards are not being briefed on
measures taken to prevent or mitigate the consequences of a
cyberattack.
"Conversations around cybersecurity resiliency are happening
among our nation's top intelligence chiefs, yet business leaders
still have not made cybersecurity a business priority," said Dr.
Larry Ponemon, chairman and founder
of Ponemon Institute. "This important research reveals an urgent
need for executives to appropriately address cyber threats against
their organizations."
For more detail and analysis of the full survey findings, please
visit www.Raytheon.com/cybertrends2018
Methodology
The 2018 Raytheon Global Megatrends in
Cybersecurity Survey was fielded by Ponemon Institute from
October 19 - November 6, 2017. The
responses were generated from a survey of 1,100 senior-level IT and
IT security practitioners in the United
States, United Kingdom,
Europe and MENA. The margin of
error for the survey was +/- 4.2% points at a 95% confidence
level.
About the Ponemon Institute
The Ponemon Institute© is
dedicated to advancing responsible information and privacy
management practices in business and government. To achieve this
objective, the Institute conducts independent research, educates
leaders from the private and public sectors, and verifies the
privacy and data protection practices of organizations in a variety
of industries.
About Raytheon
Raytheon Company, with 2017 sales
of $25 billion and 64,000 employees, is a technology and
innovation leader specializing in defense, civil government and
cybersecurity solutions. With a history of innovation spanning 96
years, Raytheon provides state-of-the-art electronics, mission
systems integration, C5I™ products and services, sensing,
effects, and mission support for customers in more than 80
countries. Raytheon is headquartered in Waltham,
Mass. Follow us on Twitter.
Media Contact
Donna
Ayer
+1.781.522.5880
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