According to PwC, about a quarter of UK business leaders expect a significant increase in cyber threats this year, and a similar number of global companies have already suffered costly breaches in the past.
Global Consultant Annual Digital trust insights The report is compiled from interviews with over 3,500 senior business and technology executives around the world, including 249 in the UK.
27% of global CFOs have suffered a major data breach in the past three years, resulting in a loss of more than $1 million, a study found. According to IBM, the global average cost of a breach is currently around $4.4 million.
This experience may influence your attitude towards cyber risk in the year ahead. About 27% of UK respondents said they expected a significant increase in business email compromise (BEC) and ‘hack and leak’ attacks in 2023, and 24% said the same for ransomware. I was.
Digital transformation seems to be a central issue. About two-thirds of UK executives admit they have not yet fully mitigated the cyber risks associated with such projects, and two-fifths (39%) say cloud-based said it expected to have a significant impact on
Attacks on cloud management interfaces (33%), industrial Internet of Things (IIoT) systems (20%), and operational technology (20%) are also expected to increase in 2023, according to respondents.
“In part, the rise in cloud-based threats is a result of potential cyber risks associated with digital transformation,” said Richard Horne, Cybersecurity Chair, PwC. .
“However, these digital transformation initiatives, including initiatives such as moving to the cloud, moving to e-commerce and digital service delivery methods, using digital currencies, and converging IT and operational technology, are future-proofing businesses. , are essential to unlocking value, generating sustainable growth.”
