CyberGRX Study Finds Cyber Risk Rises as Businesses Rush to Embrace Digital Transformation

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Research by Ponemon Institute highlights a hazardous misalignment between IT security and the C-suite; Identifies best practices

CyberGRX, provider of the world’s first and largest global cyber risk exchange, today announced the results of their study on preparedness for digital transformation, executed by Ponemon Institute. The research comprises surveys from nearly 900 IT security professionals and C-level executives covering financial, healthcare, industrial, public sector and retail industries. The study highlights that while digital transformation is understood to be critical, its rapid adoption, as seen with cloud providers, IoT and shadow IT, is creating significant vulnerabilities for most organizations. Today, these vulnerabilities are only exacerbated by misalignment between IT security professionals and the C-suite.

The Ponemon report, Digital Transformation & Cyber Risk: What You Need to Know to Stay Safe, identifies four major themes:

  1. Digital transformation is increasing cyber risk, and IT security has very little involvement in directing efforts to ensure a secure digital transformation process. Such misalignment of resources is illustrated by 82% of respondents…

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