RXT Rackspace Technology

New Rackspace Technology Survey of Global IT Leaders Reveals Lack of Confidence, Resources Within Their Organizations in Responding to Growing Array of Cyber Threats

New Rackspace Technology Survey of Global IT Leaders Reveals Lack of Confidence, Resources Within Their Organizations in Responding to Growing Array of Cyber Threats

Recruiting Challenges, IT Evolution and Remote Work Environments Among Factors Increasing Security Complexity

SAN ANTONIO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Half of global IT leaders say they are not “fully confident” in their ability to respond to data, malware phishing, supply chain, ransomware, cloud, IoT and application attacks, according to a new global survey by ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company. Moreover, when asked about their attack response capabilities, fewer than half (45%) of respondents say they can effectively respond to incidents, mitigate threats (43%), or understand the nature of the threats they are facing (42%).

The survey of 1,420 IT professionals also reveals widespread uncertainty that organizations possess the talent and skills to meet cybersecurity challenges, with 86% of respondents saying their organizations lack the necessary skills and expertise to respond to a growing array of threats.

“Though most respondents to our survey say they are ‘prepared’ for cyber-attacks, there is a high degree of anxiety about their ability to effectively confront adversaries who are increasingly sophisticated,” said Jeff DeVerter, Chief Evangelist Rackspace Technology. “Moreover, the expanding use of the cloud, IoT and applications, as well as a tight talent market and an increase in remote work – largely driven by the pandemic – have made the security environment much more challenging. Few organizations actually have the people, processes, and technologies that match a modern cybersecurity model.”

IT Trends Driving Cyber Complexity

The ubiquity of the cloud, DevOps methodologies and the condensing of development cycles, coupled with other IT trends, have made addressing cyberthreats an increasingly complex task. Half of the survey respondents (49%) cite the growth in cloud and IoT as key challenges, followed by new threats and attack methods (46%) and the growth in data volumes, digital operations, and remote work (45%), which has resulted in increased opportunities for attackers.

Forty-eight percent of respondents say their ability to manage application security in a more complex environment is influenced by new ways of working, including DevOps and Agile development practices. Other dynamics include faster release/delivery cycles (46%), the growth in microservice application architectures (46%), hybrid/multicloud environments (46%) and container runtime environments (44%).

When asked about the nature and targets of the cyberattacks they are most concerned about, network/platform attacks (58%) lead the way, followed by web application attacks (52%) and network operating system attacks (51%). Half (50%) are concerned about Advanced Persistent Threats (APTs), while 47% involve stolen credentials and 41% are concerned about unauthorized exposure to data.

Talent and Staffing Pain Points

More than half (52%) of survey respondents say they have difficulty recruiting and retaining cybersecurity talent, with the greatest skill gaps in the areas of cloud security (33%) and network security (30%), which respondents also identified as their most critical roles. Across the business, IT leaders cite lack of expertise (86%), lack of resources (81%), lack of time (70%) and lack of training information (63%) as their most pressing cybersecurity and compliance challenges.

Cloud, data, app, network and identity access are most frequently handled by in-house staff while nearly half (49%) outsource integrated risk security and (43%) task external partners to assist with network security.

“Organizations struggling with expertise, resources and time are still reluctant about enlisting external help,” added DeVerter. “Instead, our research shows that they are hoping that enlisting recruiters and improving the training of internal staff will help them solve the talent crunch.”

Click here to view Survey of Global IT Leaders Infographic.

Survey Methodology

The survey was conducted by Coleman Parkes Research in September 2021. Findings are based on the responses of 1,420 IT decision-makers across manufacturing, retail, hospitality/travel, healthcare/pharma/biomedical, government and financial services sectors in the Americas, Europe, Asia and the Middle East. Most of the companies/organizations polled were founded before the year 2000, have from 101 to 999 employees, and annual revenue between $50m and $1b. They also have anywhere from two to 15 employees dedicated to cybersecurity and they spend 5% to 15% of their IT budget on cybersecurity.

About Rackspace Technology

is a leading end-to-end multicloud technology services company. We can design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.

Contact:

Natalie Silva

Rackspace Technology Corporate Communications

A photo accompanying this announcement is available at  



EN
20/10/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Rackspace Technology

 PRESS RELEASE

Rackspace Technology Reports Third Quarter 2025 Results

Rackspace Technology Reports Third Quarter 2025 Results Revenue of $671 million in the Third Quarter, down 1% Year-over-YearPrivate Cloud Revenue was $250 million, down 3% Year-over-YearPublic Cloud Revenue was $422 million, up 1% Year-over-YearThird Quarter 2025 Cash Flow From Operating Activities was $71 million; Cash Flow From Operating Activities was $146 million on a Trailing-Twelve-Month Basis SAN ANTONIO, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced results for its third qu...

 PRESS RELEASE

Rackspace Technology Releases 2025 Sustainability Report

Rackspace Technology Releases 2025 Sustainability Report Latest Report Showcases Bold Progress Toward Net-Zero Targets and Global Impact SAN ANTONIO, Oct. 21, 2025 (GLOBE NEWSWIRE) -- ®, a leading end-to-end hybrid cloud and AI solutions company, today announced the release of its showcasing progress toward net-zero carbon emissions, enhanced operational efficiency, and global impact through strategic partnerships and innovation. The report reflects Rackspace’s commitment to aligning with the United Nations Sustainable Development Goals (SDGs) and leading the cloud services industry in...

 PRESS RELEASE

Rackspace Technology to Announce Third Quarter 2025 Earnings on Novemb...

Rackspace Technology to Announce Third Quarter 2025 Earnings on November 6th, 2025 SAN ANTONIO, Oct. 17, 2025 (GLOBE NEWSWIRE) --  (NASDAQ: RXT) a leading end-to-end hybrid cloud and AI solutions company, today announced that it will release its third quarter 2025 financial results after the market closes on Thursday, November 6th, 2025. Gajen Kandiah, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (November 6, 2025) at 5:00 PM ET to discuss the Company’s financial results. Interested parties may access the confere...

 PRESS RELEASE

Total Wine & More Partners with Rackspace Technology to Optimize Perfo...

Total Wine & More Partners with Rackspace Technology to Optimize Performance and Accelerate Innovation Across Its Retail Operations The retailer’s strategic cloud adoption includes migrations to two public cloud platforms, backed by Rackspace managed services SAN ANTONIO, Oct. 15, 2025 (GLOBE NEWSWIRE) -- ®, a leading end-to-end hybrid cloud and AI solutions company, today announced Total Wine & More, America’s Wine Superstore®, has partnered with Rackspace to advance its digital transformation through a strategic, multicloud approach. The retailer adopted two public cloud platforms, Mi...

 PRESS RELEASE

Rackspace Technology Achieves AWS Automotive Competency

Rackspace Technology Achieves AWS Automotive Competency Empowering automotive innovation with cloud-first solutions SAN ANTONIO, Texas, Sept. 12, 2025 (GLOBE NEWSWIRE) -- ® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced it has achieved . This new designation highlights Rackspace Technology's expertise supporting automotive companies, and their suppliers, accelerate their digital transformation on AWS. The AWS Automotive Services Competency distinguishes AWS Partner Network (APN) members who have demonstrated deep technical expertise and prove...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch