Organisations look to channel for cybersecurity governance  

Less than half (47%) of business leaders think their cybersecurity budget is adequate to protect against all potential threats, finds data released by Auxilion and Censuswide.

Despite nearly half of organisations (48%) falling victim to a breach in the last year, 40% of leaders said protection against attacks isn’t their number one priority for their business. In addition, 35% of leaders feel they don’t have enough skills within their organisation to guide them through a potential cyber-attack.

Auxilion CEO, Philip Maguire, said: “It is quite alarming to see leaders feeling like they don’t have the adequate budget, buy-in or expertise to protect against threats.

“The damage that can be caused from a reputational and financial standpoint means this should be taken far more seriously at leadership level.”

Auxilion found that a third (36%) of organisations have had to abandon an IT project due to poor governance whilst 41% think outsourcing to a partner would improve this.

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