ANZ ITDMs failing to keep pace with security threats

Just one in three security professionals in Australia and New Zealand believe that they have the right security strategy in place for their organisation, according to a global survey commissioned by Delinea.

The research found that globally, 60% of respondents believe their security strategy is failing to keep pace with the threat landscape, and that they are either lagging behind (20%), treading water (13%), or merely running to keep up (27%).

Meanwhile 96% of respondents from ANZ and 84% globally report their organisation having experienced a breach or attack.

There are signs that many organisations are ready to make a change and take security more seriously, with the survey finding that 90% of respondents believe their organisations fully recognise the importance of identity security in enabling them to achieve their business goals.

But 75% also believe they’ll fall short of protecting privileged identities because they won’t get the support they need from the rest of the business due to a lack of budget and/or executive alignment. In Australia and New Zealand, 81% of respondents believe their board doesn’t fully understand identity security.

“While the importance of identity security is acknowledged by business leaders, most security teams will not receive the backing and budget they need to put vital security controls and solutions in place to reduce major risks,” Delinea Chief Security Scientist and Advisory CISO Joseph Carson said.

“This means that the majority of organisations will continue to fall short of protecting privileges, leaving them vulnerable to cybercriminals looking to discover privileged accounts and abuse them.”

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