Gerwin Naber Partner, PwC Netherlands 17/01/22
A company is down for days because of a ransomware attack or theft of important technological concepts. These are nightmare scenarios, but at the same time harsh realities that regularly make the news. Therefore, it is not surprising that CEOs are very concerned about a possible cyber attack, as our 25th CEO Survey shows. In the world we live in, the question is not if it happens, but when it happens. The question for CEOs
Cyber attacks can cause major damage to all kinds of business processes, but they can also seriously damage confidence in organisations. As CEO, you want to feel that your organisation is well prepared. For example with the recent Log4j threat. So that you can confidently show supervisors, customers and other stakeholders that your organisation is as well protected as possible against damage.
In this context, being well-prepared means that there is a good chance that those responsible within your organisation will discover a hack quickly and they will act appropriately to plug leaks and prevent further damage. To ensure this, the following five steps are important:
The five points above have one common denominator: cybersecurity is not the problem of one department, but of the entire organisation. And when the whole organisation cooperates on digital security, the CEO gets more context and more grip as well as more comfort in being able to answer the question: are we doing the right things and are we doing them well enough? It also ultimately leads to better decisions on all digital investments where security is integrated from the very beginning.
According to PwC's 25th CEO Survey, 58 percent of CEOs surveyed consider cyber attacks to be a very big threat to business operations.
To put this percentage in perspective, 33 percent of CEOs see climate change and 26 percent health risks as very big threats. When a cyber attack occurs, CEOs expect the most impact on the delivery of products and services and innovative processes.
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