Survey: CIOs Know Their Risks – But Not Business Continuity
A recent survey of CIOs shows that nearly all of them are aware of the threats coming down the pike – but far fewer of them are using the resilience and mitigation tools that would help them survive.
Out of 1,000 polled for the 2021 Global CIO Survey, 94% acknowledge some form of serious threat in the next year – particularly data breaches, malware and ransomware. These risk concerns rose 6% from the previous year, due to concerns in work from home and hybrid practices.
The good news: only 30% cited lack of staff awareness as a security issue, dropping by 20% compared to the previous year’s responses. But only 27% listed BCM and resilience as a top-three priority, while only a third cited risk mitigation as a common performance metric. Only 40% said they’ve implemented business continuity plans that would help mitigate disruptive events.
Instead, CIOs top strategies are focused on new security technologies, cyber protection software, password management, and for half of respondents, additional staff training.
While these are certainly important aspects, for resilience professionals, it may be time to reach out to your CIOs about the gaps in their risk strategies. And for more information on how to address cyber disruptions within a business continuity framework, register for our Cyber Resilience for the Business Continuity Professional course!