Cyber attack is one of the biggest threats to businesses, however the latest findings from KPMG International (KPMGI) show many Chief Executive Officers (CEOs) admit a lack of preparedness against security breaches. KPMGI’s report, Cyber security: A failure of imagination by CEOs, reveals results from surveying over 1200 CEOs around the world, showing their true position when it comes to online safety.
The results are alarming. Only half of CEOs declared they are fully prepared for a future cyber security event, with Australian CEOs behind at 35 percent. Here we delve into the report to uncover how Australian CEOs are comparing to their international peers when it comes to cyber security, and look at what they can do to reduce risk.
CEOs globally are concerned with operational and strategic risk. In Australia that concern is focused predominantly in the cyber domain. 37% are concerned with the emerging technology risk while 29% are concerned with the information security risk (cyber).
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