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All issuesVolume 305, Issue 1IT NewsCxO

Cyber Risk And Resiliency Report: How CIOs Are Dueling Disaster In 2023

InformationWeek, Monday, July 31,2023

Behind the budget allocated to cybersecurity defense and recovery lies the question of how to spend it. Find the answers in the 2023 Cyber Risk and Resiliency Report.

Cyberattacks and other threats to an organization's ability to do business remain a top concern across all industries. According to InformationWeek's 2023 Cyber Risk and Resiliency Report, nearly half of surveyed IT and cybersecurity professionals encountered a significant threat to their business last year. Yet 39% devote less than a tenth of their IT budget to cybersecurity.

While ransomware tops the list, it's not the only threat of concern. Last year, businesses also saw disruptions from failing internal systems, natural disasters, and third-party provider incidents, and socio-political disturbances.

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