Security News > 2021 > September > Nation-state attacks fears grow, execs don’t trust governments to protect them from cyber threats

Private sector remaining skeptical about govt's ability to mitigate cyber threats.

Despite recent interventions into cybersecurity issues, executives lack faith in the government's ability to protect them from cyber threats, with 60% of organizations believing that spending on new security tools and services is the most effective way of stopping attacks.

On the heels of advanced diplomatic talks between Russia and the USA on mitigating eCrime and ransomware attacks, only 15% of U.S. executives believe that diplomacy effectively stops future cyberattacks.

Confidence in ability to secure hybrid work environments remains low 74% of executives adopting hybrid work believe their in-house IT and security teams lack the capability and expertise to fend off ransomware or other sophisticated cyberthreats.

60% of executives believe their individual employees could not identify a cyber-attack targeting their business in any working location.

"The constant reports of successful ransomware attacks and growing cyber threats from foreign adversaries over the past year have left executives feeling ill-prepared to protect their businesses against sophisticated attacks, and that belief has only been compounded by the operational challenges of running a business in a hybrid work environment," said Ian McShane, field CTO, Arctic Wolf.

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