& cplSiteName &

Radware Survey: C-Suite Trusts AI for Security

Light Reading
News Wire Feed
Light Reading
6/15/2017
50%
50%

Radware, provider of cyber security and application delivery solutions, released its 2017 Executive Application & Network Security Survey, which strikingly elicited that executives in the U.S. and Europe now place broad trust in Artificial Intelligence (AI) and machine learning systems, designed to protect organizations from more dynamic pernicious cyber threats in addition to other key findings.

Each year, Radware publishes the findings and analysis of its information security industry survey. Designed for the entire security community, the Global Application & Network Security Report helps in understanding the threat landscape, potential impact on businesses, levels of preparedness, emerging threats and predictions for the coming year.

Complementing that research is Radware’s annual executive survey. In Q2 of this year, Radware conducted a global survey of C-suite executives. The goal: to understand their greatest business concerns; evolving and preferred technological and staffing techniques for preparedness; compliance with and desired oversight with respect to governmental regulations and directional attitudes when pursuant to cyber security.

This year’s research revealed important global trends as well as intriguing perceptions and nuances among U.S. and European executives. Among the findings of the 2017 executive survey:

Adoption of AI/Machine Learning: This year’s executive survey supports the assertion that security automation has now reached an inflection point—with about four in five (81%) of the executives reported having already or recently implemented more reliance on automated solutions. Some 57% of executives report trusting automated systems as much or more than humans to protect their organizations. Two in five (38%) executives indicated that within two years, automated security systems would be the primary resource for managing cyber security.

“Businesses have to fight fire with fire,” said Carl Herberger, Vice President of Security Solutions at Radware. “Today’s threat actors continue to build highly automated and adaptive tools, like the Marai and Hajime botnets. These attacks can wreak catastrophic damage to a network. Executives that aren’t yet fighting these new dynamic threats with continuously adaptive attack detection and mitigation capabilities are putting their organization at risk.”

Security is a Board-Level Concern: The majority of respondents (85%) said that security threats are a CEO- or board-level concern in their company. Among all respondents, 94% told us that security is an extremely or very important priority. About three in five (62%) rate it “extremely important,” marking a slight increase from last year, when just 53% did so.

Security is a Main Driver for Digital Transformation: This year’s survey respondents affirmed that their organizations are actively integrating digital technologies—and that cyber security is the number-one driver of their digital transformation. Nearly half of all executives (47%) cited improving information security as a major goal of their digital transformation. What’s more, for three-quarters of organizations, cyber-security considerations were critical in shaping decisions to transform aspects of the business to digital.

The Next Likely Targets Are: Executives believe that the biggest security threats in the next three to five years are network infrastructure (27%) followed by Internet of Things (IoT) (22%) devices and Energy/Power Infrastructure (21%).

Executives’ Biggest Concern During a Cyberattack? Their Customers. Chief among executives’ worries about cyber-attacks is a negative customer experience, which 39% of executives ranked as the top impact to their business from a security threat. Brand reputation loss (36%) was close behind, followed by operational and customer loss (both 29%) and revenue loss (34%).

“Executives are scrutinizing the gaps in their security like never before, taking a more active approach to defending their customer experience and avoiding the brand damage that hackers can cause,” said Anna Convery-Pelletier, Chief Marketing Officer at Radware. “Today’s educated consumer is keenly aware of security – as customer experience is now closely tied with reputation management and data protection. Consumers therefore use these critical parameters as the basis for their decision to do business with a company.”

Executives Do Not Believe Their Governments Do Enough to Protect Consumer Privacy. Executives around the world agree that government plays a role in compromising digital security. Two-thirds of executives (67%) agree that current laws and legislation related to information security compromise individual privacy, and 79% of executives feel their government should do more to protect personal information.

European Executives Are More Likely to Hire Ex-Hackers than Their U.S. Counterparts. In Europe, 58% said they were very or extremely likely to do so, while just 27% of U.S. executives said the same. One-quarter of U.S. executives said their company was not very likely to hire former hackers, and 36% said their organization was somewhat likely to do so.

The report provides a detailed analysis of the views and insights from the paneled executives, including a breakdown of thoughts and opinions by individual country. To read the full report on the survey’s findings, download the 2017 Executive Application & Network Security Survey.

Radware Ltd. (Nasdaq: RDWR)

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
The 'gleaming city on a hill,' Steve Saunders calls it. But who is going to take us from today's NFV componentry to the grand future of a self-driving network? Here's a look at the vendors hoping to make it happen.
Flash Poll
Upcoming Live Events
September 28, 2017, Denver, CO
October 18, 2017, Colorado Convention Center - Denver, CO
November 1, 2017, The Royal Garden Hotel
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 2, 2017, 8 Northumberland Avenue – London
November 10, 2017, The Westin Times Square, New York, NY
November 30, 2017, The Westin Times Square
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Could 5G Have Found Its Glass Ceiling?
Dan Jones, Mobile Editor, 9/20/2017
1 Million Pirate Set-Top Boxes Sold in the UK
Aditya Kishore, Practice Leader, Video Transformation, Telco Transformation, 9/20/2017
Comcast Shuts Down OTT Again
Mari Silbey, Senior Editor, Cable/Video, 9/19/2017
Why Amazon May Be Cable's Biggest Threat
Mari Silbey, Senior Editor, Cable/Video, 9/22/2017
T-Mobile, Sprint in Merger Talks, Again – Report
Iain Morris, News Editor, 9/20/2017
Animals with Phones
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed