Nearly Half Report IoT Security and Managing Increasing Amounts of Data as Greatest

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Respondents also identified third parties/extended enterprise (16.3 percent) and managing digital identities (13.5 percent) as the next largest challenges. Yet, only 14 percent report their organization’s cybersecurity program as mature, with cyber risk managed holistically across the enterprise.

“The hyperconnected and increasingly intelligent nature of today’s world requires organizations to continually rethink their approach toward cybersecurity,” said Irfan Saif, Deloitte Risk and Financial Advisory Cyber Risk Services principal, Deloitte & Touche LLP. “Cyber risk is more ubiquitous than ever before, and has to be embedded into the very crux of business operations in order to manage the challenges that organizations are facing now – and to prepare for new challenges that will undoubtedly arise in the future.”

When asked how confident they are in their organization’s ability to manage cyber risk and information security, fewer than 1 in 5 (19.4 percent) said they are “very confident.” And when it comes to mitigating…

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