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Business Leaders View Cybersecurity as Top Disruptor – Q1 2024 Survey

Posted on by angelo
Business Leaders View Cybersecurity as Top Disruptor – Q1 2024 Survey

Business Leaders View Cybersecurity as Top Disruptor – Q1 2024 Survey
Concerns about cybersecurity have been amplified by a recent attack on the UK Ministry of Defense (pictured). Credit: Léon Neal / Getty.

74% of business leaders view cybersecurity as the top disruptive threat to their organization, either currently or in the next twelve months, according to GlobalData research. Q1 2024 Technology Sentiment Surveys investigation.

The survey asked respondents which technologies were already disrupting their various industries or would do so in the next 12 months, one to four years, five to ten years, or never.

Fueled by increasingly sophisticated ransomware and distributed denial of service (DDoS) attacks, cybersecurity is at the forefront of business executives’ minds.

Chart showing disruption timelines by technology, first quarter 2024

Significant cyberattacks have recently made headlines.

Just this week, Germany recalled its ambassador to Russia on Monday (May 6) following suspected state-sponsored cyberattacks, hours before it was revealed that a hack had stolen ministry payroll data British Defense.

Geopolitical discord has seen government infrastructure heavily targeted, such as that of Sweden as it attempted to join NATO. But companies like American Express, Change Healthcare, Fujitsu and Roku have all been hit by cyberattacks again this year.

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AI vs cybersecurity: which will disrupt more?

More respondents said cybersecurity (66%), cloud computing (63%), and the Internet of Things (48%) are already disrupting their business than AI (41%).

However, AI has the highest percentage of respondents (13%) who say it would disrupt their industry in the next twelve months.

This transcends concerns about massive job losses. In defense, AI-powered drones have threatened global security, as evidenced by the Israel Defense Forces’ (IDF) Lavender blind AI system.

European regulations are tightening on the potential use of AI in medical device testing. Data collection in the financial services industry now depends on AI processing. AI-based digital twin technologies are increasingly involved in transportation logistics.

And, in the media, AI companies are signing agreements with news agencies, as evidenced by the partnership between the Financial Times and OpenAI at the end of April.