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A new survey from Eze Castle Integration, a provider of technology for the financial services industry, asked private equity CTOs what they are concerned about over the next year. Above all, cybersecurity is a key focus area for the industry and IT departments.

Notably, some 70 percent of firms included in the survey reported having some type of cyber issue within the past 12 months, highlighting the need for a more robust security response.

While two-thirds of firms expressed confidence that they are prepared to address cybersecurity risks, cybersecurity budget findings indicate that increased spending is necessary to keep pace with the growing threat landscape.

The survey was conducted in partnership with IDG Research and includes responses from 101 senior-level executives. Findings encompass four primary areas: business priorities, cybersecurity, outsourcing trends and the evolution of the private equity CTO.

Looking ahead, cloud computing was identified by nearly 90% of respondents as a planned investment area, with respondents preferring private cloud solutions over the public cloud.