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Infographic, sponsored by Check Point Software | March 2024

Organizations’ Growth Mode Is the Top Priority

Modernized IT Built on a Cybersecurity Foundation

Security as an Enabler for Digital Transformation

IT security’s role in meeting digital transformation initiatives is imperative to success.

Frank Dickson Program Vice President, Cybersecurity Products, IDC

The four most important business outcomes from technology initiatives in the past 12 months:

Revenue growth Increased operational e�ciency

Faster innovation

Increased profits

32% 28% 27% 27%

Business priorities:

Enterprises (10,000+ employees): • Profits • Customer satisfaction

• Revenue growth

Midsize (5,000–9,999) and small business (under 5,000): • Operational e�ciency • Innovation

• Revenue growth

Security is not immune to the realities of business.

Organizations’ top internal challenges to completing digital initiatives:

Security risk management

31%

Budget constraints

Slow IT bureaucracy

Lack of digital skills across

the organization

n = 847; Source: IDC’s CIO/CISO Thought Leadership Survey, November 2023

30% 25% 23%

Completing digital initiatives is key to meeting organizational growth and revenue objectives.

Top recent digital successes in completing digital initiatives:

Investing in emerging technologies

Security Improved digital skills

32%

26% 26%

65% of organizations plan to spend up to 9% of IT/security budgets on generative AI in the next 18 months.

Organizations’ top tech priorities for next 12 months:

n = 847; Source: IDC’s CIO/CISO Thought Leadership Survey, November 2023

Confident Cyberthreat Response

65% of organizations experienced a ransomware

attack in the past 12 months 24% did not experience a ransomware attack

of organizations said it took a few days to discover a ransomware attack

31% said a day or less50%

40% said their business was disrupted for a few days

of organizations paid $100,000–$500,000 (out of pocket and insurance) due to ransomware attacks

For companies with cyberinsurance: • 19% said they were covered 100% • 26% were covered for 50%–74%

24% said one week

14% said one day

20%

74% of organizations are satisfied or very satisfied with the CISO’s response

to a recent breach

n = 847; Source: IDC’s CIO/CISO Thought Leadership Survey, November 2023

The Security Mindset Transitions from Fear to

Hypergrowth Mode CISOs must balance the real fears of

sophisticated cyberattacks and an economic downturn with supporting growth initiatives to create

new revenue streams and boost e�ciency.

n = 847; Source: IDC’s CIO/CISO Thought Leadership Survey, November 2023

Evolving the Future of Cybersecurity

Customer decisions about security are neither simple nor straightforward.

Businesses need to move fast to grow and create revenue, but a slowdown in IT and budgets is a challenge.

Security leaders need to move faster and more e�ciently to support business initiatives.

As we look at the modern Digital Business CISO, being great at cybersecurity is still a foundational requirement, but it is just not enough moving forward. Success in the role requires more.

The CISO now becomes a consultant to the line of business to influence, digital risk leader for the C-suite, and a business

enabler to the organization.

n = 847; Source: IDC’s CIO/CISO Thought Leadership Survey, November 2023

Although economic concerns are evident, cost savings is not a top 3 requirement when it comes to plans and priorities. It was a top 3 CIO priority in the previous year.

Investing in emerging technologies

Cybersecurity Improving IT support

35% 33%

26%

The economic slowdown and constrained budgets are top concerns for security leaders.

99% of CEOs lead or support digital initiatives.

Investing in emerging technology areas (e.g, generative AI, predictive AI, machine learning, blockchain) is the most common technology priority.

Security leaders coming from a place of fear over numerous risk concerns is a huge internal challenge to accomplishing digital initiatives.

Delays in security teams adopting a growth mindset prompts business leaders to pinpoint security holding back key growth initiatives.

15% had no insurance