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Major infrastructure investments needed to thwart growing cyber risks

A majority of C-suite executives and policy makers in the United States think investing in security software infrastructure and emerging technologies is critical to protecting U.S. data from growing cyber security risks, according to new survey by software provider Oracle.

As part of the study, the company commissioned research firm Paradoxes Inc. to survey 775 C-suite executives, government policy influencers, and members of the “technologically engaged” public in January and February 2019.

When asked what would make the U.S. government better equipped to secure data, 51 percent of C-Suite executives and 62 percent of policy makers cited investing in IT/security infrastructure; and 59 percent of the C-Suite and 60 percent of policy makers cited investing in security software.

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An attendee working on a laptop computer participates in the Yahoo! Inc. Mobile Developer Conference Hackathon in New York, U.S., on Tuesday, Aug. 25, 2015. The Hackathon is an opportunity for mobile developers to come together and hack around the Yahoo! Inc. Mobile Developer Suite. Photographer: Victor J. Blue/Bloomberg

As for their own security investments over the next 24 months, 44 percent of C-Suite executives and 33 percent of policy makers plan to purchase new software with enhanced security; and 37 percent and 25 percent, respectively, intend to invest in new infrastructure solutions to improve security.

Both C-Suite executives and policy makers rank “human error” as the top cyber security risk for their organizations. Still, over the next two years they will invest more in people—via training and hiring—than in technology such as artificial intelligence (AI) and machine learning (ML). Only 38 percent of C-Suite executives and 26 percent of policy makers plan to invest in AI and ML to improve security in the next 24 months.

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