The most effective weapon against a digital security breach is leadership, not a magic technology bullet, says Paul Taylor, KPMG in the UK’s Head of Cyber. He shares his insights on what boards can do to create a cyber-resilient organisation.
Business
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Governments face an increasingly complex security landscape, with new technology ushering in enormous benefits for citizens, as well as new threats. At the same time, agencies are under greater pressure to protect personal data, resulting in unprecedented investments in information security.
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Cybercrime’s cost to businesses continues to grow exponentially. In 2015, Juniper Research predicted that the continued reliance on digitization in our lives will be the catalyst for a $2.1 trillion criminally driven industry by 2019.
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With cybersecurity breaches becoming increasingly common and causing greater damage, organisations must secure their IT systems or risk being hacked.
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Cyber threats are on the rise across the globe — and no company is immune to the potential fallout a cyberattack can create. What was once seen as a “tech industry” problem has escalated into a crisis that should concern every high-level executive, especially CEOs.
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As digitization has risen on the executive agenda, cybersecurity skills and processes in most companies have also advanced, though at a slower pace. But rapid growth in the Internet of Things (IoT) is changing the game. Cybersecurity is more relevant and challenging than ever, and companies need to build capabilities in this area – quickly.
