- CEOs agree that cybersecurity is now critical for business growth
- Three out of five are concerned about threats of cybersecurity
- Safety leaders should demonstrate the value
More than four out of five CEOs (85%) agree that a good cybersecurity strategy is now essential for business growth in an increasingly digital and connected world.
The figures, of a Gartner study, reveal that the three fifths (61%) are concerned with threats of cybersecurity, which the emergence of artificial intelligence has influenced.
Gartner also noted that risk thresholds have changed, with changes in commercial activity and political debates on AI, adding that cybersecurity has evolved into something much larger than a simple protection system.
Cybersecurity is now a main commercial consideration
“With 85% of CEOs recognizing its importance, security leaders have a unique opportunity to demonstrate the value of cybersecurity investments not only in the safeguarding of assets, but also to allow strategic commercial objectives,” said David Furlogner, analyst vice-president director.
The report also addresses regulatory changes with regard to AI, CEOs having seen a direct link between cybersecurity capacities and business growth. In order to inform their strategies, Gartner says that security managers should assess risks on foreign markets and intellectual property protection.
“CEOs should highlight the role of security leaders in business protection and improving cybersecurity to stimulate growth,” continued Furlonger, which suggests that change must come from the fundamental C-Suite level.
However, although it is on the CEOs to demonstrate the role of security leaders, Furlonger says that it is the responsibility of the security leaders to demonstrate the value of their strategy: “Safety leaders are placed to considerably influence the generation of value, and they should communicate how cybersecurity helps business growth.”
