Cyber & IT Supervisory Forum - November 2023

Cybersecurity Challenges

Ransomware Attacks

IoT Attacks

Cloud Security Challenges Data in the Cloud: 82% of breaches have involved data stored in the cloud, spanning public, private, or hybrid environments. Cost of Breaches: Cloud breaches often incur higher costs, with multi-environment breaches averaging $4.75 million in losses. Misconfiguration Issue: Underscore the prevalence of cloud misconfigurations as a persistent security challenge.

Hacktivism

01

Cloud Attack

Third Party Exposure

11

02

10

03

09

04

Phishing Attacks

Mobile Attack

08

05

07 06

Legacy Hardware

ML and AI Attack

Internal Attack

BYOD Attacks

5

Barriers to Overcome Cybersecurity Challenges

0 1

Lack of Sufficient Cybersecurity Budget

0 2

Inadequate Cybersecurity Staffing

Legacy Infrastructure & Solutions to Emerging Threats

0 3

Cybersecurity Challenges

0 4

Lack of Dedicated Cybersecurity Budget

0 5

Inadequate Availability of Cybersecurity Professionals

6