Η Deloitte recently published the World Report "Future of Cyber”Of 2021, in which approximately 600 high-ranking officials participated (C-Level) executives who have access to the cyber security functions of their organizations.
The aim of the report is to bring to the fore the discussion about the implementation of cyber security measures at the core of each business, as well as to provide useful information on how organizations can increase the visibility of complex technological ecosystems, but also to apply best practices to prepare for the future challenges of cyberspace.
Her research Deloitte showed that 69% of global business leaders surveyed noted that their businesses experienced a significant increase in cyber attacks last year, amid accelerating the digital transformation.
However, as the risks increase, leaders are making significant investments in digital transformation. In particular, the strategy of the heads of financial staffs in this direction is almost universal, with 94% stating that they intend to transfer the financial information systems in an environment cloud. In fact, according to her research Deloitte, while there are no simple solutions, the simultaneous adoption of a series of measures can help a business to implement cybersecurity in every aspect of its operation.
According to Emily Mossburg, Global Cyber Leader of Deloitte, businesses are working hard this year to stay competitive amid rapid technological change as the acceleration of the digital transformation has drastically increased their vulnerability to cyber attacks.
She notes that as complexities increase, leaders must prioritize the implementation of cybersecurity in every aspect of business, otherwise they run the risk of suffering the consequences of inadequate protection.
Digital transformation reinforces the need for a cybersecurity strategy
With more than half of businesses experiencing an increase in threats by 2020, the risks are higher than ever, as the adoption of remote and hybrid work models is increasingly applied to businesses around the world. Organizations continue to face challenges in balancing investments in digital transformation to stay competitive and protect their systems from potential attacks. Responding to her research Deloitte, the heads of IT Departments (CIOs) and Security (CISOS), 41% recognize that the biggest challenge they face is transforming and gaining visibility into increasingly complex hybrid ecosystems.
The wave of "Zero Trust"
As its global research shows Deloitte, the points that are the biggest challenges in terms of cyber risk management are hybrid IT technologies at a rate of 41% and cyber-hygiene (cyber hygiene) at a rate of 26%. Therefore, companies use the practice of Zero Trust (Zero Trust), ie an architecture based on the fundamental principle of "never trust, always confirm", in order to bridge the gap between business, information technology and cyberspace. Thus, the reduction of the operational complexity and the simplification of the integration of different ecosystems are achieved. Businesses that take advantage of the "Zero Trust" principle are leading the way in organizational change to achieve digital transformation by building security infrastructure with which they can handle the speed of that transformation.
Investing in cybersecurity means investing in information systems security (CISO)
As cybercriminals become more and more capable, businesses tend to increase their cybersecurity budgets. Nearly 75% of participating leaders with more than $ 30 billion in total profits said they would invest more than $ 100 million in cybersecurity this year. While these investments are relatively balanced, research has shown that more attention is paid to issues of threat detection and monitoring, cyber transformation and data protection.
Converging technological capabilities and increasing cyber threats are changing the role of information security leaders. As technology is increasingly being integrated into business operations on a daily basis, the responsibilities of managers are being strengthened. According to her research Deloitte, there is an increase in the direct reporting of information security chiefs (CISOS) to business leaders (CEOs) from 32% in 2019 to 42% in 2021 in the US, while reaching 33% worldwide. This trend enhances the transparency of business initiatives and commitment at many levels, especially at C-Level, which is critical to tackling cyber threats and creating authentic and secure customer experiences.
Research shows that within the next three years CIOs and CISOS will continue to prioritize cybersecurity, with 64% prioritizing security capabilities, 59% enhancing privacy, 50% compliance, and 45% improving operational efficiency and information as the main reasons for adopting new technologies.
The research methodology
It is noted that in the 2021 survey Future of Cyber which was held by Deloitte Global and Wakefield Research, almost 600 executives participated C-Level asked about cybersecurity in companies with at least $ 500 million in annual profits, including nearly $ 200 million CISOS 100 CIOs 100 CFOs and 100 CMOs. The survey was conducted online between June 6 and August 24, 2021.
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You can visit the following link for its full results Deloitte Global's 2021 Future of Cyber Survey, www.deloitte.com/futureofcyber