Proofpoint today released its annual Voice of the CISO report, which explores key challenges, expectations and priorities of CISOs. The findings reveal that most CISOs have returned to the elevated concerns they experienced early in the pandemic.
Seventy five percent of CISOs in the UAE surveyed feel at risk of a material cyber attack, compared to 44% the year before, when they may have felt a brief sense of calm after adapting to the chaos of the pandemic. This year’s data is a shift back to 2021, when 68% of CISOs in the UAE believed a material attack was imminent. Likewise, sentiments about preparedness levels have reversed: 57% feel unprepared to cope with a targeted cyber attack, showing a moderate increase over last year’s 47% and a decrease from 2021’s 72%.
While organizations have largely overcome the disruptions of the last two years, the effects of the Great Resignation and employee turnover continue to linger, exacerbated by the recent wave of mass layoffs—75% of CISOs in the UAE say that employees leaving the organization played a role in a data loss event. Even though 47% of security leaders had to deal with the loss of sensitive information in the past 12 months, only 61% believe they have adequate data protection in place.
“Years of sustained remote and hybrid working has resulted in an increased risk around insider threat incidents, with our research revealing that three-quarters of CISOs in the UAE agree that people leaving the organization contribute to data loss,” said Emile Abou Saleh, Regional Director, Middle East and Africa at Proofpoint. “The rising challenges of protecting people and data, high expectations, burnout, and uncertainty about personal liability are testing CISOs in the UAE. The way forward is to implement layered defenses, including a dedicated insider threat management solution and strong security awareness training, so organizations are well protected against threats that focus on people as the main perimeter.”
Proofpoint’s Voice of the CISO report for 2023 includes the following findings about the UAE: :
- CISOs in the UAE have returned to the elevated concerns they experienced early in the pandemic, while also feeling more unprepared than last year: 75% of CISOs in the UAE feel at risk of experiencing a material cyber attack in the next 12 months, compared to 44% last year and 68% in 2021. Further, 57% believe their organization is unprepared to cope with a targeted cyber attack, compared to 47% last year and 72% in 2021.
- The loss of sensitive data is exacerbated by employee turnover: 47% of security leaders in the UAE reported having to deal with a material loss of sensitive data in the past 12 months, and of those, 75% agreed that employees leaving the organization contributed to the loss. Despite those losses, 61% of CISOs in the UAE believe they have adequate controls to protect their data.
- Email fraud tops the list of the most significant threats: the top threats perceived by CISOs in the UAE are almost the same as last year. Both years email fraud (business email compromise) and cloud account compromise led the way, but this year they were followed by malware and smishing/vishing, whereas last year malware was joined by insider threats as the other top concerns.
- Most organizations are likely to pay a ransom if impacted by ransomware: 59% of CISOs in the UAE believe their organization would pay to restore systems and prevent data release if attacked by ransomware in the next 12 months. And they are relying on insurance to shift the risk—56% said they would place a cyber insurance claim to recover losses incurred in various types of attacks.
- Supply chain risk is a recurring priority: 56% of CISOs in the UAE say they have adequate controls in place to mitigate supply chain risk, a modest increase from last year’s 49%. While these protections may feel adequate for now, going forward, CISOs may feel more strapped for resources—65% say their budgets have been impacted .
- People risk grows as a concern: there is an increase in the number of CISOs in the UAE who view human error as their organization’s biggest cyber vulnerability—59% in this year’s survey vs. 50% in 2022 and 70% in 2021. At the same time, 56% of CISOs believe that employees understand their role in protecting the organization, compared to 51% in 2022 and 69% in 2021; this illustrates a struggle to build a strong security culture.
- CISOs and boards are much more in tune: 63% of CISOs in the UAE agree their board members see eye-to-eye with them on cybersecurity issues. This is a substantial increase from the 47% of CISOs who shared this view last year and the same as the 63% who felt this way in 2021.
- Mounting CISO pressures are making the job increasingly unsustainable: 59% of CISOs in the UAE feel they face unreasonable job expectations, a significant increase from last year’s 38%. While the return to their new reality may be one reason behind this view, CISOs’ job-related angst is a likely contributor as well—60% are concerned about personal liability and 59% say they have experienced burnout in the past 12 months.
“Security leaders must remain steadfast in protecting their people and data, a task made increasingly difficult as insiders prove themselves as a significant contributor to sensitive data loss,” said Ryan Kalember, executive vice president of cybersecurity strategy for Proofpoint. “If recent devastating attacks are any indication, CISOs have an even tougher road ahead, especially given the precarious security budgets and new job pressures. Now that they have returned to elevated levels of concern, CISOs must ensure they focus on the right priorities to move their organizations toward cyber resilience.”