:Supply chain concerns: 54% of large organizations cite supply chain challenges as the biggest barrier to cyber resilience, driven by complexity and lack of visibility into suppliers' security.

Tensions in geopolitics: Nearly 60% of businesses say that geopolitical issues affect their cybersecurity strategy. CEOs are worried about cyber espionage and IP theft, and cyber leaders are worried about disrupting operations. Risks associated with AI adoption: Despite the growing reliance on AI for cybersecurity, many businesses do not have the procedures in place to properly assess the security of AI tools prior to their deployment, resulting in a gap in risk management. Generative AI and cybercrime: Almost three-quarters of organizations report rising cyber risks, with generative AI fuelling more sophisticated social engineering and ransomware attacks; 42% saw an uptick in phishing incidents.

Regulatory challenges: Despite the role that regulations play in enhancing cyber resilience, the fragmentation of cybersecurity regulations across jurisdictions presents compliance challenges for 76% of CISOs. Cyber talent shortage: Between now and 2024, the gap in cyber skills will grow by 8%, and two-thirds of businesses will have a moderate-to-critical talent shortage, and only 14% will be confident in the capabilities of their current team.