STOCK TITAN

More Than Half of CIOs and Network Engineers Cite Cybersecurity as Top Risk in Digital Transformation

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

According to a recent survey commissioned by Opengear, 53% of network engineers and 52% of CIOs identify cybersecurity as their top risk in digital transformation strategies. The research highlights a significant rise in cyberattacks, with 61% of CIOs noting increased incidents compared to previous years. A notable 70% of network engineers emphasize security as a key focus area. Furthermore, 41% of CIOs prioritize cybersecurity investments for the upcoming year, marking it as critical for organizational growth. Opengear, a Digi International company, focuses on secure IT infrastructure management.

Positive
  • 53% of network engineers and 52% of CIOs rank cybersecurity as a major risk, indicating strong market awareness.
  • 70% of network engineers prioritize security for digital transformation efforts.
  • 41% of CIOs plan to invest in cybersecurity in the next year, highlighting growth opportunities.
Negative
  • 61% of CIOs report an increase in cyberattacks, signaling heightened risk and potential costs.

EDISON, N.J.--(BUSINESS WIRE)-- Network engineers and CIOs agree that cybersecurity issues represent the biggest risk for organizations that fail to put networks at the heart of digital-transformation plans. According to research commissioned by Opengear, a Digi International company (NASDAQ, DGII, www.digi.com), 53% of network engineers and 52% of CIOs polled in the U.S., U.K., France, Germany, and Australia rank cybersecurity among the list of their biggest risks.

The concerns are fueled by an escalating number cyberattacks. In fact, 61% of CIOs report an increase in cybersecurity attacks/breaches from 2020-21 compared to the preceding two years. For digital transformation of networking, 70% of network engineers say security is the most important focus area, and 31% say network security is their biggest networking priority.

CIOs also understand the importance of the issues. More than half (51%) of network engineers say their CIOs have consulted them on investments to deliver digital transformation plans, the highest priority in the survey. What’s more, 41% of CIOs rank cybersecurity among their organization’s most important investment priorities over the next year, with 35% stating it is among the biggest over the next five years. In both cases, cybersecurity ranks higher than any other factor.

“Through the pandemic, we have seen the importance of cybersecurity skyrocket for businesses as employees switch to working remotely and cyber-criminals ramp up their activity,” said Gary Marks, President of Opengear. “Forward-thinking businesses understand these challenges and the importance of investing more in security and ensuring it is woven more closely into the fabric of their networks and digital transformation efforts.”

About Opengear

Opengear, a Digi International company, delivers secure, resilient access and automation to support critical IT infrastructure, even when the network is down. Provisioning, orchestration, and remote management of network devices through innovative software and appliances enable technical staff to reliably and efficiently manage data centers and remote network locations. Opengear solutions are trusted by global organizations across financial, digital communications, retail and manufacturing industries. The company is headquartered in New Jersey, with R&D centers in Silicon Valley and Brisbane, Australia. Opengear was acquired by Digi International in 2019, bringing together two organizations with a deep commitment to providing the best products, software and services that meet the demands of mission-critical networks. For more information, please visit www.opengear.com.

About Digi International

Digi International (NASDAQ: DGII) is a leading global provider of IoT connectivity products, services, and solutions. It helps companies create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Founded in 1985, Digi has helped customers connect more than 100 million things and counting. For more information, visit www.digi.com.

Opengear Media Relations Contact

Peter Ramsay / Lora Metzner

Global Results Communications

open@globalresultspr.com

949.307.5908

Source: Opengear

FAQ

What percentage of CIOs prioritize cybersecurity investments for 2023?

41% of CIOs rank cybersecurity among their organization's most important investment priorities for the upcoming year.

How has the perception of cybersecurity risks changed according to recent research?

The research indicates that 53% of network engineers and 52% of CIOs view cybersecurity as a significant risk in digital transformation.

What company conducted the survey on cybersecurity risks?

The survey was commissioned by Opengear, a Digi International company.

How many CIOs have reported an increase in cyberattacks from 2020 to 2021?

61% of CIOs reported an increase in cybersecurity attacks and breaches in that timeframe.

What is the significance of cybersecurity in digital transformation initiatives?

70% of network engineers consider security the most important focus area for digital transformation initiatives.

Digi International Inc

NASDAQ:DGII

DGII Rankings

DGII Latest News

DGII Stock Data

808.24M
36.38M
2.32%
101.01%
7.77%
Communication Equipment
Computer Communications Equipment
Link
United States of America
HOPKINS