Why Growing Cyberthreat Awareness Among CEOs Could Lead to Bigger Security Budgets

Recent data revealed that CEOs are now putting fears about cyberthreats ahead of traditional business concerns, such as an increasing tax burden and the availability of key skills. This shift in priorities may help IT professionals make a stronger business case for more substantial security budgets — a challenge for many C-suite leaders in recent years.

Cyberthreat Awareness on the Rise Among CEOs

Executives around the world have become more aware of the cyberthreat landscape as technology has grown more pervasive in the enterprise. A new survey of global CEOs ranked cyberthreats among the top five most significant impediments to business growth. In North America, CEOs listed IT security as a top priority, with 53 percent of executives reporting that they were “extremely concerned” about cyberthreats.

These findings from consulting firm PricewaterhouseCoopers (PwC) indicate that C-suite executives might be warming up to the

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