Cybersecurity risks are a significant impediment to technological innovation for middle-market firms, especially those operating in high-uncertainty environments.
A recent report by PYMNTS surveyed 60 CFOs from middle-market firms, revealing that high-uncertainty firms face stronger cybersecurity concerns and consequences, such as financial losses and delayed tech initiatives.
81% of high-uncertainty firms frequently delay or cancel technology initiatives due to cybersecurity risks, impacting their competitive positioning in the long term.
The report underscores the need for scalable solutions to manage uncertainty introduced by cyber threats and highlights strategies CFOs are employing, such as AI-driven threat detection and enhanced training.