Oracle Report: Executives, Gov’t Workers Cite IT Investment as Key Data Security Factor

A new Oracle report has found that majority of high-ranking executives and government employees point to information technology and cybersecurity investment as key factors for improving the government’s capacity for securing data.

The report titled “Security in the Age of AI” surveyed C-suite executives, government workers and the general public on their views and actions taken to address the need to fortify U.S. cybersecurity, Oracle said Wednesday.

The company found that only 44 percent of the executives and 33 percent of the policy makers intend to buy software with updated security features over the next 24 months.

The surveyed private sector leaders and government workers also prefer to invest in human training and staffing instead of new software and technologies, such as artificial intelligence and machine learning, over the next two years.

Emerging technologies like AI are crucial for addressing potential human error, which was also ranked by the respondents as a top cybersecurity risk.

“The U.S. government and businesses will need to rely on the technology sector more to advance the nation’s cyber defense. We can build data centers, hire talent and secure data at scale more efficiently than any one individual customer can,” said Edward Screven, chief corporate architect at Oracle.

According to the report, majority of the respondents have already launched software modernization efforts and cited malicious foreign government attacks as the biggest threat to U.S. cybersecurity.