Digital Trust Insights 2023

Driven by events no one could have foreseen, leaders in recent years have pushed their companies and themselves beyond their comfort zone: out of the office to remote workplaces; into the cloud; along chains of supply that are almost completely digital. And with each new venture has come new cyber risks.

Good news: CISOs and cyber teams have risen to the challenge and other C-suite executives have joined forces with them. More than 70% of 3,522 respondents observed improvements in cybersecurity in the past year — thanks to cumulative investments and C-suite collaboration. But the goal posts keep moving so there’s more work to do — and in a tough economic environment:

  • Fewer than 40% of senior executives say they have fully mitigated the risks their bold moves incurred. By their own assessments, CISOs see the need to advance further on five cyber capabilities: identify, detect, protect, respond, recover. 
  • Senior execs see heightened threats to their organisation and worry they’re not fully prepared to address those threats. 
  • In 2023, more challenges lie ahead, including mandated disclosures, tests of resilience, and pressure to get data security and privacy right.

Cybersecurity has become a more dynamic field, rapidly adjusting and shifting to keep apace with business inventiveness.

Agility is what’s needed for the tougher challenges ahead. How can you continue to make a difference? Where should CISOs and cyber teams wield influence for the greatest effect?

The C-suite playbook on cybersecurity and privacy, featuring our latest survey Global Digital Trust Insights, outlines what lies ahead in 2023 and how executives can work together for cyber-ready futures.

Contact us

Femi Osinubi

Femi Osinubi

Advisory Leader, PwC Nigeria

Tel: +234 1 271 1700

Nkiruka Aimienoho

Nkiruka Aimienoho

Associate Director, PwC Nigeria

Tel: +234 (1) 2711700

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