49% of CIOs feel budget hampers Information Security operations

MUMBAI: 49% of CIOs feel a budget constraint is the main obstacle or reason that challenge Information Security operations followed by lack of skilled labor, says EY’s study on Global Information Security Survey 2015 called 'Creating trust in the digital world'.

The responses from more than 200 Indian organisations examine some of the most important cybersecurity issues facing businesses today and finds that 65% believe their information security structure partially meets their organization’s needs, said the statement released by EY.

When it comes to IT security budgets, only 18% say that their budgets should be increased by up to 25% to align their organization’s need for protection with its management’s tolerance for risk.

The most likely sources of cyber-attacks: hacktivists (70%) and criminal syndicates (55%) have retained their top rankings with lone wolf hacker (42%) and state sponsored attacks (32%) closing in.

"The digital age and inherent connectivity of people, devices and organization have opened up a whole new playing field of vulnerabilities. As old sources of cyber threats evolve, new sources are emerging to add to the complexities for organization,” said Burgess Cooper, Partner – Information and Cybersecurity, EY.