In 2018-2019, cybersecurity skills topped the list of IT challenges – 53 percent of survey respondents reported a problematic shortage of cybersecurity skills at their organization. IT architecture planning skills came in second at 38 percent.
People are very concerned about the security of their personal data and devices — 77% of U.S. broadband households are very concerned about their online service being hacked; 75% worry about their computer being hacked; and 66% are concerned about their smart TV or streaming media player being compromised.
via Parks Assoc
The new infrastructure can expand the number of threat vectors, rendering smart utilities vulnerable to cyber attacks. Maintaining resilient electrical power generation and transmission — as well as water distribution and treatment — are key to protecting the public utility environment.
Of 46 CIOs surveyed about 40% said they expect IT budgets to increase in 2018, that’s up from 29% a year ago. Respondents expect weighted average year-over-year budget growth of 4.2%, that’s up from 1.5% weighted growth.
According to Juniper Research, over 33 billion records will be stolen by cybercriminals in 2023 alone — that’s an increase of 175 percent over the 12 billion records expected to be compromised in 2018, resulting in a cumulative global loss of over 146 billion records.
More CIOs are investing in business technology that improves their organization’s resilience to cyber threats. Worldwide spending on IT security-related hardware, software, and services is forecast to reach $119.9 billion in 2021, according to the latest global market study by IDC.
Source: Digital Lifescapes