CyberSecurity Tops List as Most Serious Concern For NYC, Global Businesses in 2017

Trend Micro Incorporated, a global provider of cybersecurity solutions, reveals that 20 percent of global organizations rank cyber espionage as the most serious threat to their business, with a quarter (26 percent) struggling to keep up with the rapidly evolving threat landscape. In addition, one in five (20 percent) U.S. organizations have suffered a cyber espionage-related attack in the last year.

The research, which surveyed 2,402 enterprise IT decision makers across Europe and the U.S., shows cyber espionage topping the list of largest security concerns for 2017, followed by targeted attacks (17 percent) and phishing (16 percent). Businesses in Italy (36 percent), France (24 percent), Germany (20 percent) and Netherlands (17 percent) topped the list for regions who fear cyber espionage the most, which is notable in light of their respective elections taking place this year across Europe.

Eight out of 10 countries cited the increasing unpredictability of cyber criminals (36 percent overall) as one of the three biggest challenges to protecting against cyber threats. A further 29 percent flagged a lack of understanding of latest threats and a quarter (26 percent) are struggling to keep up with the rapidly evolving landscape and increasing sophistication of cybercriminal activity.

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Written by the editors, staff, partners and interns of New York City Wired. A site dedicated to the business of technology, cybersecurity and telecommunications in and around New York City.

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