Over two-thirds of UK-based CEOs plan to increase long-term cybersecurity budgets, with many expressing increasing concerns over the risk of online threats to the business, according to PwC.
The global consulting giant interviewed nearly 1800 business leaders in the UK as part of a global survey of CEOs.
Its 24th annual UK CEO Survey revealed the major impact the pandemic has had on decision-making at the apex of the country’s private sector organizations.
The number reporting concerns over cyber-threats increased from 80% last year to 91%, while almost half (48%) said they were “extremely concerned” about the threat posed by cyber-risk to business growth.
PwC claimed these changing responses were influenced heavily by the rapid shift to support remote working and push more services online in the early days of the crisis. These efforts enabled attackers to find new gaps in protection which allowed them to flourish.
Trend Micro claimed to have blocked 20% more threats last year — an average of 119,000 per minute globally. Threat actors targeted distracted home workers using unsecured devices and networks, as well as vulnerabilities in remote working infrastructure…
