Pathlock Technologies and LTM Research Announce the Results of Their CISO Enterprise Cybersecurity Survey

Flemington, NJ (December 6, 2016) – Pathlock Technologies, a pioneering leader in security risk analytics and regulatory compliance solutions, announced the findings of a cybersecurity survey conducted by LTM Research that targeted 2,000 CISOs responsible for the security and management of large enterprise networks at companies headquartered in the U.S. or U.K. with more than $1 billion in annual revenue. The research revealed concerns about internal and external threats, the impact a breach can have on an organization, and vulnerabilities due to underfunded security initiatives.

A key area of concern in the survey is funding for security initiatives. 59% of respondents stated that it’s difficult to receive funding for these initiatives despite ongoing security threats. In addition, 70% of respondents were concerned about undetected breaches, while 54% indicated that their company experienced a breach.

When it comes to breaches, 34% of respondents were very concerned about external threats and 25% were very concerned about internal threats. This concern is much higher among respondents who are also tasked with protecting a company’s crown jewel assets with 65% of this group being concerned about internal and external threats.

Information Security executives were also asked about the impact a breach has on an organization. Financial loss and the effect on shareholder value was the most critical issue according to 32% of the respondents. 25% indicated that damage to the company’s brand and reputation was the most significant impact while 13% cited the risk of regulatory and compliance violations.

Click here to read the full press release. Click here to download the report.