PwC’s 2021 Digital Trust Insights
Cybersecurity comes of age
Five moves to get to the next level
Armed with the insight and foresight that only experience and wisdom can provide, cyber stands at a critical, pivotal and exciting time for the industry and the organisations and people it serves. The findings from our Global Digital Trust Insights 2021 survey of 3,249 business and technology executives around the world tell us what’s changing and what’s next in cybersecurity.
The survey focuses on five key areas: updating cyber strategy, future-proofing cyber teams, getting the most out of cyber budgets, investing to level the playing field against attackers, and building resilience.
96% of the respondents worldwide said they’re shifting their cybersecurity strategy due to COVID-19, with 50% now saying they are more likely now to consider cybersecurity in every business decision, up from 25% last year.
In addition, 40% of Western European CEOs stated they are more likely to have frequent interactions with the Chief Information Security Officer (CISO). In the pandemic’s first three months, CEOs reported their organisations were accelerating digitisation at a surprising speed, advancing to year two or three of their five-year plans.
Doing things faster and more efficiently is the top digital ambition for 28% of executives in Western Europe, while 32% are modernising with new capabilities. Almost one third (31%) of Western European respondents say they’re speeding up automation to cut costs.
"As a result of the unprecedented impact of COVID-19, many organisations have had to re-think and re-frame their cybersecurity strategies. The evolving role of the CISO and their importance to the organisation has never been more critical. It’s important for CISOs to carefully balance technology and business requirements, while supporting the organisation in its cyber strategy.”
Ingvar Van Droogenbroeck, Partner
Five moves to get to the next level
Reset your cyber strategy, evolve leadership for these new times
Make the shift to business-driven cyber strategy and let your CISO take on the larger role you need
Rethink your cyber budget to get more out of it
Business wants budgets that directly tie to business growth and better risk management
Invest in every advantage to level the playing field with attackers
That new thinking in your cyber strategy? Carry it out in new approaches to boost odds of success
Build resilience for any scenario
What the threat outlook for 2021 means for your resilience strategy
Future-proof your security team
Hiring, training, and managed services to get the deep talent you need in this tight labor market
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