PWC Global State of Information Security Survey 2016 report
As threats continue to mount, understanding and managing cybersecurity risks have become top of mind for leaders in business and government.
Organisations are responding by taking action adopting innovative technologies like cloud-enabled cybersecurity, Big Data analytics and advanced authentication to reduce cyber-risks and improve cybersecurity programmes.
Businesses are also embracing a more collaborative approach to cybersecurity, one in which intelligence on threats and response techniques is shared with external partners. Internally, organisations are rethinking the roles of key executives and the Board of Directors to help create more resilient and proactive security capabilities.
Another notable measure of progress is a renewed willingness to invest in security. This year, survey respondents reported they have significantly boosted information security spending to better enable them to tackle the cybersecurity juggernaut head on. Read on for details on how innovative organisations are addressing this challenge.
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The Financial Services Authority (FSA) will shortly be publishing a review cyber security across the financial services sector.
Greg Clark (MP), financial secretary to the Treasury has reported to Parliament that the Bank of England and the Treasury are working with the FSA to review how cyber security is currently managed across the finance sector. Working with other agencies the procedures of a number of financial institutions will be benchmarked in a programme led by the FSA.