New Survey Finds Shift in Cybersecurity and Privacy Issues Among Executives

The Global State of Information Security Survey 2017 was recently conducted by PwC US, CIO and CSO to examine how executives are attempting to manage cybersecurity threats and attain competitive advantages. The emphasis is on how forward-thinking organizations are investing in cybersecurity and privacy technology that “can facilitate business growth and foster innovation.

Among the highlights of the survey are the following findings:

“56% of respondents currently require employees to complete privacy training,

57% of survey respondents using biometrics for authentication

46% of respondents investing in a security strategy for the Internet of Things

43% of large businesses reporting phishing incidents

59% of respondents said they have increased cybersecurity spending as a result of digitization of their business ecosystem

63% of survey respondents — say they run IT services in the cloud. Additionally, approximately one-third of organizations were found to entrust finance and operations to cloud providers, reflecting the growing trust in cloud models

More than half (53%) of respondents employ open-source software

62% of respondents say they use managed security services for cybersecurity and privacy.”

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