New research from KPMG has found that 39% of UK CEOs “believe that becoming a victim of a cyber attack is now a case of ‘when’ and not ‘if’ for their organisation.” This is in contrast to CEOs from abroad, 49% of whom could envision a cyber attack against their organisation.
Other key findings included the increasing awareness of cyber security. 39% of UK CEOs believe that their organisations are ‘well’ or ‘very well’ prepared for future cyber attacks. This could be because 45% of UK CEOs said that they value cyber security specialists as an “effective part of the business”.
Although it is positive to see an increase in cyber security awareness, it is imperative that organisations conduct risk assessments when preparing their cyber security policy and programme.
Thorough risk assessments will help you to identify and address any threats that your organisation may face, allowing you to mitigate them before it’s too late.
Given that the threat landscape is constantly changing, it’s important to remember that risk assessments must be conducted regularly, because they only provide a snapshot for a given point in time.
Risk assessments are at the core of many frameworks and standards, but they are notoriously time-consuming and complex.
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