And IBM said 60 percent of enterprises believe they are being outgunned in the cyber war.
Chief Information Security Officers (CISOs) think that sophisticated external threats is their biggest challenge – with 40 percent believing that they top other challenges they face.
Data leakage prevention, cloud security and mobile security are the top three areas that CISOs believe are the areas that need addressing urgently.
Of the respondents surveyed by IBM, 90 percent have either adopted or will adopt cloud initiatives and they expect their cloud security budgets to increase over the next five years.
Only 45 percent of the CISOs think that mobile and device security is being adequately addressed.