"Cyber Tops Staff Retention as Biggest Business Risk"

Security researchers at PWC found that cybersecurity concerns represent the most serious risk facing organizations, beating inflation, talent acquisition/retention, and rising production costs.  During the study, researchers conducted interviews with 722 US C-suite executives.  The researchers noted that two-fifths (40%) of participants ranked cyberattacks as a serious risk, rising to 51% of board members.  The researchers stated that boardrooms might be getting more attuned to cyber risk after new SEC proposals were published in March that would require directors to oversee cybersecurity risk and be more transparent about their cyber expertise.  The researchers stated that executives appear to be getting more proactive with cybersecurity on a number of fronts.  Some 84% said they are taking action or monitoring closely policy areas related to cybersecurity, privacy, and data protection.  A further 79% said they’re revising or enhancing their cyber risk management approaches, and half (49%) pointed to increased investments in cybersecurity and privacy.  More than half of the participants (53%) said they’re increasing investment in digital transformation and 52% in IT.

Infosecurity reports: "Cyber Tops Staff Retention as Biggest Business Risk"