Becoming the victim of a cyber-attack is a matter of “when” and not “if".
Amid an environment where cyber security is under intense scrutiny, power and utilities executives are feeling the pressure. Forty-eight percent of CEOs showed concern that becoming the victim of a cyber-attack is a matter of “when” and not “if” and not all CEOs are well-prepared to manage such an event, according to KPMG’s 2018 Global CEO Study.
In the survey, 58 percent of CEOs feel prepared in their ability to identify new cyber threats, and in the event of a cyber-attack, 68 percent feel prepared in their ability to manage external stakeholders, and 63 percent are confident they can contain the impact on strategic operations.
“Technology-driven opportunities in the P&U sector have also opened the door for significant risks and cyber threats which feature highly on CEOs and Board agendas,” said Regina Mayor, Global Sector Head, Energy
As CEOs navigate around these cyber issues, they are starting to see the importance of new workforce capabilities in supporting their organizations’ future growth, with 59 percent identifying
In such a customer-centric industry such as P&U, CEOs understand the importance of protecting customer
The survey results indicate that even amid a transformational period for the industry, P&U CEOs are confident growth is on the horizon and are prepared to lead their organizations through a transformation to remain competitive. In fact, 89 percent of companies are confident in growth prospects for their company and 94 percent expect increased headcount over the next three years.
Top strategies for achieving organizational growth objectives over the three-year period include strategic alliances with third parties and organic growth. Additionally, CEOs intend to undertake a number of actions to help pursue these objectives that include: increased focus on
“CEOs are excited about leveraging existing infrastructure and deploying new technologies that will benefit consumers. We’re starting to see more collaboration outside of individual organizations to enable new ventures, especially in digital arenas like blockchain, Internet-of-Things
While technological disruption and innovation
For more information, please visit the KPMG 2018 Global CEO Study landing page.
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