Companies are spending more on cyber security than ever before, but are they putting their money in the right place?
The PwC 2021 US Digital Trust Insights Snapshot is a poll of 322 security and technology executives (CISOs, CIOs and similar titles) of US-based companies on how to be cyber ready for the future.
Survey respondants come from a range of industries, including industrial manufacturing and automotive (23%), tech, media, telecom (19%), financial services (15%), consumer markets (15%), health (14%), and energy, utilities and mining (13%).
The full report is available for free, here.
Key findings include:
- More than half of CISOs and CIOs say that cybersecurity is receiving significant investment in these areas in the next year: tech (57%), people (52%), governance/process (50%).
- Half or more of CIOs and CISOs say they still haven’t fully mitigated the risks associated with remote work (50%), digitization (53%) or cloud adoption (54%).
- Only 37% say that their security initiatives are ahead of the pace of their organizations’ digital transformations.
- Only 55% or fewer of victims said they were “well prepared” to address the breaches they experienced in the last 15 months — meaning that 45% weren’t.
- More than 60% expect significant jumps in malware via software updates (66%), attack on software supply chain (64%), and attack on cloud services (64%).
- Nearly three-quarters (72%) expect cyber will become an important board focus as the year progresses; and two-thirds anticipate data security and privacy’s becoming a focus of investor ESG ratings.
For more insights, download the full report from PwC.