Top executives are having trouble keeping up with an ever-growing array of risks, as surging inflation, supply chain constraints and the war in Ukraine add to earlier worries about cybersecurity, ransomware and rapid technology changes.
A recent survey from PricewaterhouseCoopers found that 79% of the 3,584 business and risk, audit, compliance executives polled in February and March indicated that keeping up with the speed of digital and other transformations presents a significant challenge.
“We found that some of the top risks related to revenue growth are overall macro market risks, business and operational models and changes to business operational models,” said Elizabeth McNichol, enterprise tech leader of PwC’s Cyber, Risk & Regulatory practice. “Of course cyber and information management pose significant risks.”
Companies are leaning more on risk management technology, with 72% planning on increasing their spending on technology to support the detection and management of…