Survey finds growing collaboration between cyber security and integrated risk management programs

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NAVEX Global has released key findings from a survey of IT security professionals in the US and UK on collaboration between IT and risk management functions.

The findings include:

  • Respondents state that IT and cyber security risks were broadly considered part of their organization’s overall risk profile and should be addressed holistically:

    – Fully 95 percent of respondents say their organizations include cyber security within their overall integrated risk management (IRM) approach.
    – 91 percent say cyber security is considered a top business risk within their organization.
  • 74 percent of respondents report increased collaboration between IT security and enterprise risk management over the past year. This suggests organizations recognize better coordination is required to mitigate serious cyber security failures.
  • 78 percent say their company’s investment in cyber security has increased in the past year.
  • 82 percent indicated that recent data breaches have either greatly or somewhat impacted the way their organization prioritizes cyber security.

Increased coordination

Respondents state that collaboration between IT/cyber…

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