UK chief executives see cybersecurity incidents as bigger risks to their businesses than the economic disruption brought about by the pandemic.
This is according to a new report from consultancy PwC, which found that cyber threats were identified by the largest proportion of respondents (75 percent) asked about the risk management concerns of CEOs.
Pandemics and other health crises was the second most selected option (62 percent), followed by uncertain economic growth (57 percent).
Almost all CEOs are worried about cybersecurity, the report says, with 91 percent (of 5,050 respondents) sharing this concern, up from 80 percent last year.
According to PwC, since it started measuring cybersecurity sentiment, UK CEOs have never been as aware as they are today. The majority of respondents (67 percent) plan to increase long-term investment in cybersecurity and data privacy over the next three years. A quarter of CEOs will be looking to increase investment “significantly”.
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