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Almost 60 percent of IT decision makers admit that budget cuts within their organisation have negatively impacted mental health

Integrity360, one of the leading pan-European cyber security specialists, has today announced findings from independent research into mental health and wellbeing amongst IT decision makers. The survey of 205 IT security decision makers was conducted between 9th-14th August 2023, and provides worrying insight into the mental wellbeing of those in the cyber security industry and the concerns around how budget restraints and the challenging economy have impacted mental health.

Almost 60% of surveyed IT decision makers agreed that budget cuts have negatively impacted their mental health and wellbeing. To add to that, 55% noted that the current economic climate has reduced access to mental health and wellbeing resources within their organisation.

It would seem that protecting sensitive data (48%) is the biggest cyber security challenge keeping IT decision makers awake at night, followed by managing risk and compliance (28%), defending identities (26%), ransomware (25%) and securing cloud environments (23%). Secure IoT and OT environments (20%), expanded attack surfaces (19%) and security consolidation (18%) are also a cause for sleepless nights.

For CIOs specifically (30%), their concerns over security consolidation were somewhat higher than others such as information security analysts (14%) and CTOs (18%) that were surveyed. This is likely due to their direct involvement in managing the process, as businesses continue to tackle solution sprawl and consolidate the security tools they have deployed in order to maintain control and visibility over their networks.

Whilst ransomware ranked below protecting sensitive data, the ransomware resurgence in particular, was cited by 57% as having negatively impacted the mental health and wellbeing of those surveyed.

“Ransomware is still proving to be a lucrative means of attack and new techniques such as double extortion are just another example of why businesses should be prepared for the when and not if”, said Brian Martin, Head of Product Development, Innovation and Strategy at Integrity360.

“Ransomware operators using extortion as opposed to ransoming data means they no longer need to encrypt the data they steal, and it’s now morphed into data theft. Businesses need to be prepared that these tactics will continue to evolve and have the necessary teams and processes in place. A dedicated IR team will relieve the pressure and strains placed on businesses trying to keep pace with attackers.”

Worryingly, 63% of those surveyed noted that their work within the cyber security industry increased their stress and anxiety. The good news however, is that almost 70% highlighted that their organisation provides adequate support for their mental health and wellbeing. Despite this, a significant majority (75%), said they would like to see more investment in mental health and wellbeing resources.

“Cyber security budgets have always been challenging and this year has certainly tested many businesses. A myriad of issues from budget, economic downturn and skills shortage have all impacted the workload placed on those tasked with tackling cyber threats and compliance and it’s no surprise this is having a detrimental effect on mental wellbeing.

“Businesses need to find solutions to support their employees and ensure that the systems they are working so hard to secure are up to the task. Enlisting third party help or outsourcing to an MSSP could be a good place to start,” added Martin.

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Methodology The research was conducted by Censuswide, among a sample of 205 IT security decision makers (aged 18+). The data was collected between 09.08.2023 - 14.08.2023. Censuswide abides by and employs members of the Market Research Society and follows the MRS code of conduct which is based on the ESOMAR principles.

About Integrity360

Integrity360 is one of Europe’s leading cyber security specialists operating from office locations in Ireland, UK, Bulgaria, Italy, Sweden, Spain, Lithuania, and Ukraine with Four Secure Operation Centres (SOC) located in Dublin, Sofia, Stockholm and Naples.

The group employs approx. 500 cyber security experts and industry professionals and provides a comprehensive range of professional, support and managed cyber security services that identify and assess, protect and prevent, detect and analyse and respond and recover cyber risks and threats. Working either independently or as an extension of an organisation’s own team Integrity360 strengthen security postures for both mid-market and enterprise organisations across a wide range of sectors including financial services, insurance, government, healthcare, retail, telecoms and utilities.

This was posted in Bdaily's Members' News section by Integrity 360 .