Cybersecurity Industry Insights - Cyberattacks are a primary concern for CFOs, with cybersecurity professionals experiencing increased stress due to the complexity of threats and ongoing risks [1][2] - A survey by ISACA revealed that two-thirds of cybersecurity experts find their roles more stressful than five years ago, with 63% citing the complexity of the threat landscape as the main stressor [2][3] - 43% of respondents believe an attack on their organization is likely within the next year, while only 41% are confident in their teams' incident-response capabilities [3][4] Types of Cyberattacks - The most common type of attack reported is social engineering (44%), followed by exploited vulnerabilities (37%) and malware (36%) [4] - Approximately one-third of cybersecurity professionals reported an increase in incidents this year [4] Staffing and Training Challenges - The cybersecurity sector faces persistent understaffing, with 55% of teams short-staffed and 65% having unfilled roles [7] - There is a decline in organizations training non-security staff for cybersecurity positions [7] AI in Cybersecurity - AI is increasingly utilized in cybersecurity, with 47% of respondents involved in developing AI governance practices, up from 35% last year [10] - The primary applications of AI in security operations include threat detection, endpoint security, and automating routine tasks [10] - Experts emphasize the need for human oversight in AI to avoid bias and errors in decision-making [9] CFOs and Working Capital Management - CFOs are leveraging working capital to unlock trapped cash and pursue market opportunities, even amid economic uncertainty [13][14] - The approach of using working capital strategically leads to higher operational efficiency and resilience during volatility [17] - Organizations led by strategic planners outperform their peers in operational efficiency and supplier integration [17]
Cybersecurity professionals under pressure turn to AI amid rising threats