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Home Business Insights

CFOs: Will you outsource cybersecurity?

FutureCFO Editors by FutureCFO Editors
December 5, 2023
Photo by MF3d on iStock

Photo by MF3d on iStock

Will you outsource cybersecurity? According to Kaspersky, more than one in two companies in Asia Pacific plan to outsource cybersecurity.

In addition, 77% of companies in the region suffered at least one cyber incident in the last two years, said Kaspersky when releasing results of its recent survey that collected responses from 234 respondents in Asia Pacific.

One of the main reasons cited was the shortage of qualified IT security staff (24%), the security firm pointed out. 

Among other measures to strengthen cybersecurity, 57% of respondents from the region claimed that their companies plan to invest in outsourcing cybersecurity in the next 12 to 18 months, the firm added.

Study highlights

  • Among those respondents reported cybersecurity incidents within the last years, 87% of incidents are described as “serious”.
  • 20% of respondents believe that the reason for cyber incidents occurring in their firms is the lack of necessary tools for threat detection.
  • The respondents indicated that a variety of measures would be appropriate to address cybersecurity gaps, and among them, 32% said they would like to see more external specialists brought in.
  • 34% plan to invest in third-party professional services, and as many as 34% of respondents are aiming to outsource cybersecurity to MSP/MSSP (Managed Service Providers/Managed Security Service Provider). 
  • The most likely industries to invest in third-party services in the near future are critical infrastructure, energy and oil & gas companies.
  • In the next 12 months, more than half of businesses here (51%) have concrete plans to implement software that automatically manages their cybersecurity, while 15% are discussing the subject. 
Related:  Moody’s: Chinese corporate bond defaults will continue to rise in 2021  
Tags: cybersecurityKaspersky
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