Turnaround and transformation in cybersecurity

As threats continue to mount, understanding and managing cybersecurity risks have become top of mind for leaders in business and government. Organisations are responding by taking action. Increasingly, they are adopting innovative technologies like cloud-enabled cybersecurity, Big Data analytics and advanced authentication to reduce cyber-risks and improve cybersecurity programmes.

Businesses are also embracing a more collaborative approach to cybersecurity, one in which intelligence on threats and response techniques is shared with external partners. Internally, organisations are rethinking the roles of key executives and the Board of Directors to help create more resilient and proactive security capabilities.

Another notable measure of progress is a renewed willingness to invest in security. This year, survey respondents reported they have significantly boosted information security spending to better enable them to tackle the cybersecurity juggernaut head on. Read on for details on how innovative organisations are addressing this challenge.

The Global State of Information Security® Survey 2016 is a worldwide study by PwC, CIO, and CSO. It was conducted online from May 7, 2015 to June 12, 2015. Readers of CIO and CSO and clients of PwC from around the globe were invited via email to take the survey.

The results discussed in this report are based on responses of more than 10,000 CEOs, CFOs, CIOs, CISOs, CSOs, VPs, and directors of IT and security practices from 127 countries. Thirty-seven percent (37%) of respondents are from North America, 30% from Europe, 16% from Asia Pacific, 14% from South America, and 3% from the Middle East and Africa. The margin of error is less than 1%.

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