Breakthrough study reveals executives are not adequately protected from personal cyber-attacks

June 7, 2023
The report reveals alarming findings about the growing threat of cyber-attacks on the personal digital lives of executives and the lack of preparedness among organizations to prevent and mitigate potential damage.

LAKE MARY, FLA. JUNE 05, 2023 -- BlackCloak, the pioneer in Digital Executive Protection for executives, board members, and senior leaders, today, in collaboration with Ponemon Institute, published the Understanding the Serious Risk to Executives’ Personal Digital Lives Report. The report reveals alarming findings about the growing threat of cyber-attacks on the personal digital lives of executives and the lack of preparedness among organizations to prevent and mitigate potential damage.

The comprehensive study assesses the understanding and readiness of 553 US-based cybersecurity leaders in dealing with the vulnerabilities associated with executives' personal digital lives and the necessary steps to protect them. “The study underscores the critical gap in cybersecurity readiness and the urgent need for organizations to enhance their protection of executives' personal digital lives,” said Dr. Chris Pierson, CEO and Founder of BlackCloak, and Distinguished Fellow of the Ponemon Institute.

“Our findings indicate that CISOs are seeing real harm that equates at the same level of a corporate data breach incident associated with risks to corporate executives,” said Dr. Larry Ponemon, Chairman and Founder of the Ponemon Institute. “With the attack surface being significantly expanded to include the home and personal devices, key breaches in the past year that have resulted from key employees being targeted, and the reality that CISOs believe executives' personal cybersecurity is a risk, the time to mitigate this risk is now.”

The research sheds light on the critical need for enhanced cybersecurity measures to safeguard executives, as the attacks are primarily designed to hack into corporate systems. Key findings from the study include:

  • 42% of companies have already experienced cybercriminal attacks on their executives or their executives' families, resulting in serious negative consequences for the organization.
  • 78% of organizations have encountered theft of corporate intellectual property, research and development data, or business strategy information as a result of these attacks.
  • 66% of companies have suffered the loss of customers or business partners due to cyber-attacks on executives.
  • 27% of organizations have experienced theft of customer or employee data through attacks targeting executives' personal digital lives.

These statistics confirm the urgent need for organizations to prioritize cybersecurity measures aimed at protecting executives' personal digital lives. “Cybercriminal threats targeting executives' personal lives are diverse and include email compromise, ransomware, malware infection, doxxing, extortion, online impersonation, swatting, and even physical attacks,” said Pierson.

Despite these alarming figures, the study reveals that only a small percentage of cybersecurity professionals feel confident in their executives' ability to protect themselves:

  • Only 9% of cybersecurity professionals are highly confident that their CEO or executives would know how to protect their personal computer from viruses.
  • Merely 22% of cybersecurity professionals express high confidence in their executives' ability to secure personal emails.

BlackCloak, a leading provider of comprehensive cybersecurity solutions, stands at the forefront of protecting corporate executives and high-profile individuals from cybersecurity, privacy, financial, and reputational risks. To learn more about BlackCloak and their industry-leading cybersecurity solutions, please visit Stay up to date with their latest news and insights by following them on LinkedIn and Twitter.

Sponsored Recommendations

Arcserve study reveals retailers underprepared for holiday cyber attacks

The results reveal a lack of preparedness and confidence in data backup and recovery strategies, raising concerns about the industry's readiness to protect sensitive customer ...

Expedient announces partnership with Kyndryl to deliver disaster recovery as a service

By joining forces with Kyndryl, Expedient is extending the reach of its state-of-the-art data center colocation and cloud infrastructure known for its reliability, scalability...

Post-Quantum Cryptography Coalition launches

The PQC Coalition will apply its collective technical expertise and influence to facilitate global adoption of PQC in commercial and open-source technologies.

BriefCam attains LenelS2 OAAP Certification under LenelS2 OpenAccess Alliance Program

LenelS2 OnGuard users can now centrally receive and review BriefCam video analytics-driven alerts directly in the OnGuard Alarm Viewer.