CEOs Lack Confidence in Their Organizations’ Ability to Protect Against Cyberattacks Despite Seeing Cybersecurity as Vital to Growth, Accenture Report Finds
Report identifies five actions CEOs need to take to achieve cyber resilience
NEW YORK; Oct.5, 2023 – Three-quarters (74%) of CEOs are concerned about their organizations’ ability to avert or minimize damage to the business from a cyberattack—despite the fact that 96% of CEOs said that cybersecurity is critical to organizational growth and stability, according to a new report from Accenture (NYSE: ACN).
The report, titled “The Cyber-Resilient CEO,” is based on a survey of 1,000 CEOs from large organizations globally. Accenture’s research points to the reactive way in which CEOs treat cybersecurity, which results in greater risk of attacks and higher costs to respond to and remediate them. It notes that 60% of CEOs said their organizations don’t incorporate cybersecurity into business strategies, services or products from the outset, and more than four in 10 (44%) of the CEOs believe that cybersecurity requires episodic intervention rather than ongoing attention.
Adding to this reactive stance is…
