Cyber security is now a persistent business risk. It is no longer an issue that concerns only information technology and security professionals; the impact has extended to the C-suite and boardroom.
Awareness and concern about security incidents and threats also has become top of mind among consumers as well. In short, few risk issues are as all-encompassing as cybersecurity.
Media reports of security incidents have become as commonplace as the weather forecast, and over the past 12 months virtually every industry sector across the globe has been hit by some type of cyber threat.
It’s a trend that is likely to continue. Regulators around the world are beginning to proactively address cyber risks.
This is an extract from PWC ‘Managing Cyber Risks‘.