In a recent PwC study of 722 US executives, over 40% designated the threat of cyber attack as the number one business risk facing their respective organizations.
High on the list of potential concerns include risk associated with the acquisition and retention of talent to achieve corporate objectives, well-understood supply chain issues, and the current geopolitical environment.
Inflation and other recessionary factors including interest rates remain as a key potential roadblock, however, the data reflects some stabilization and the report states that “executives may be shifting from an active concern about the business environment to focusing on growth”.
In fact, in spite of risk concerns, 83% of business leaders report that they are focusing their attention on growth, internal investment, and M&A activity.
As forward-thinking organizations continue to navigate the resulting headwinds of the past few years and position their organizations for future success, the voice of the CIO and their CISO counterparts will continue to elevate in the executive suite and boardrooms in ensuring that each business initiative is considered with supporting cybersecurity planning and that will require a paradigm shift for most companies.
