20 Apr 2022
IDC Reveals 69% of Asia/Pacific CEOs are Now Engaged in Cybersecurity Interactions
SINGAPORE, April 21, 2022 – IDC recently published the Asia Pacific excluding Japan ( APeJ ) Security and Trust Study 2022 that reveals 69% of CEOs are now engaged in cybersecurity interactions either weekly (37.2) or bi-weekly (31.5%), supporting the ongoing importance of cybersecurity to the business. However, complexity, legacy, and ill-defined roles and responsibilities still hamper more effective approaches to addressing this complex issue.
Key findings are that the ongoing complexity of IT systems, along with evolving regulations are the major challenges faced by IT security professionals. While the C-Suite is paying more attention to the issue of security, there are many infrastructural issues across people and processes that, unless the C-Suite decides to address, will continue to be problematic.
"Even today most security technology acquisitions are reacting to the current perceived threat, and this has been the case for many years now," says Simon Piff, VP of Trust and Security Research, IDC Asia/Pacific. "What is required is a more strategic and holistic approach to addressing the myriad of threats and challenges, whilst moving to simplify the technology stack and its integrations. Key technologies such as AI/analytics, security automation, and cybersecurity infrastructure modernization are low on the investment agenda, where the focus is on risk management, KPIs, and development of processes," Piff adds.
This IDC study will better help technology vendors align their messaging to the needs of the security decision-making unit within the target markets. Additionally, this study investigates how cyber security is addressed at a people, process, and technology level, and looks specifically into:
- Perceived Threats;
- Risk Management Processes;
- Planned Investment Areas; and
- Overall Understanding and Attitude Towards the Concept of Trust
The IDC study, Asia/Pacific (Excluding Japan) Security and Trust Study 2022 (IDC #AP47766122) exposes how security technology buyers across the region are addressing their security concerns. The plethora of tools and vendors in the markets has resulted in a current focus on process and people, something the study showed has, to date, been lacking. At the same time, concerns around identity, cloud, and data top the technology investment intentions.
*Asia/Pacific excluding Japan
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDCAP and LinkedIn. Subscribe to the IDC Blog for industry news and insights.
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