How can global business leaders improve cyber and privacy risk management? The key findings of the Global State of Information Security® Survey 2018—based on responses of 9,500 executives in 122 countries and more than 75 industries—provide valuable lessons for companies worldwide.
In a series of three reports, we’re exploring how industry can leverage these lessons and other PwC insights. Our first report examines why businesses are vulnerable to cyber disruptions—and how leaders can help their organizations build resilience to sustain operations and boost economic performance. Our second report focuses on the need for business leaders to revitalize data privacy and trust by jolting stalled risk management efforts into action. The third report will look ahead at the long-term future of cybersecurity.
With the internet of things (IoT) becoming ubiquitous, and consumers demanding products with an emphasis on cybersecurity and privacy, organizations are revamping their security policies. Key IoT investment areas include policies and technologies to protect consumer privacy, as well as data governance policies.
Business leaders are clear-eyed about new risks tied to emerging technologies. GSISS respondents recognize that a successful cyberattack on automated or robotic systems could have major consequences, including the disruption of operations, the compromise of sensitive data and damage to product quality.
Cyberattacks that manipulate or destroy data can undermine trusted systems without the owner’s knowledge and have the potential to damage critical infrastructure.
Incidents attributed to hackers, competitors and other outsiders have declined. However, those attributed to insiders, such as third parties—including suppliers, consultants and contractors—and employees, have stayed about the same or increased.