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Cyber crises take personal toll on business leaders

Study reveals scale of conflict business leaders are subjected to when technology disruption hits their business.

Cyber crises take personal toll on business leaders

Cyber threats are now a major contributory factor for causing damage to the mental well-being of business leaders in the UK.

According to The Resilience Imperative, a report by Sungard AS, 54% of business leaders polled admit that they had experience stress-related illness due to IT outages caused by cyber attacks or other forms of incidental service failure.

Findings from the report’s survey of 250 c-suite respondents in UK companies with 500+ employees, found 49% of chief executives have suffered from stress-related illnesses and/or damage to their mental well-being. The figure rises to 62% among CIOs and CTOs.

Another of the contributory factors to the stress-related illnesses and damage to business leaders’ mental well-being is the ‘backlash’ that they are receiving, both online and in person, following cyber security incidents, the study suggests. Forty-five per cent of respondents state that they experience ‘abuse online or verbally’, and in some cases even ‘physical threats’.

More than 22% of respondents declared that a result of suffering cyber attacks, IT outages or network failures, have resulted in a CEO departure from an organisation.

More information:

https://www.sungardas.com/globalassets/_multimedia/document-file/sungardas-the-resilience-imperative.pdf