Fortinet, Inc.
Oct 9, 2017

Fortinet Survey Reveals Almost Half of IT Decision Makers Believe Board Members Still Do Not Treat Cybersecurity as a Top Priority

Respondents expect their transition to the cloud, as part of an organization's digital transformation journey, to be a catalyst for an increased focus on security

SUNNYVALE, Calif., Oct. 09, 2017 (GLOBE NEWSWIRE) --

Patrice Perche, senior executive vice president, worldwide sales and support at Fortinet

"Over the years, we've seen that cybersecurity has become a key investment for organizations, with more and more C-level executives considering it as part of their broader IT strategy. As organizations now embrace digital transformation and turn to technologies like the cloud, cybersecurity is no longer just an IT investment but a strategic business decision. In today's digital economy, I expect the trend we've seen at the board level to accelerate with security being treated as a top priority within an organizations' broader risk management strategy. By doing so, companies will be in a better position to succeed in their digital transformation efforts."

News Summary:

Fortinet® (NASDAQ:FTNT), the global leader in high-performance cybersecurity solutions, today announced the findings of its new Global Enterprise Security Survey. The research reveals that despite high profile cyberattacks continuing to occur, almost half of IT decision makers (ITDMs) at 250+ employee organizations around the world still believe that business executives are not making cybersecurity a significant enough priority or focus. However, many IT professionals believe that the transition to the cloud as part of their organizations' digital transformation will in turn make security a growing priority.

Research Highlights:

Board members are not treating cybersecurity as a top priority: 48% of IT decision makers believe that IT security is still not a top priority discussion for the board. This doesn't seem to affect budgets since 61% of enterprises stated that they spend over 10% of their IT budget on security, which is a high investment. 71% of the surveyed respondents said their IT security budget has increased from the previous year. Now, IT decision makers feel strongly that cybersecurity should become a top management priority with 77% of the respondents saying that the board should actually put IT security under greater scrutiny.

Three key drivers for cybersecurity becoming a top priority:

Report Methodology
The 2017 Fortinet Global Enterprise Security Survey was undertaken on behalf of Fortinet by independent market research company Loudhouse to examine the changing attitudes towards security in business in July/August 2017. The global survey of IT decision makers with responsibility/visibility of IT security, received 1,801 anonymized respondents across 16 countries (US, Canada, France, UK, Germany, Spain, Italy, Middle East, South Africa, Poland, Korea, Australia, Singapore, India, Hong Kong, Indonesia). Respondents to the online questionnaire were not aware of the purpose or sponsor of the report.

Additional Resources

About Fortinet
Fortinet (NASDAQ:FTNT) secures the largest enterprise, service provider, and government organizations around the world. Fortinet empowers its customers with intelligent, seamless protection across the expanding attack surface and the power to take on ever-increasing performance requirements of the borderless network - today and into the future. Only the Fortinet Security Fabric architecture can deliver security without compromise to address the most critical security challenges, whether in networked, application, cloud, or mobile environments. Fortinet ranks #1 in the most security appliances shipped worldwide and more than 320,000 customers trust Fortinet to protect their businesses. Learn more at http://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.    

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