Cybersecurity concerns remain top of mind for global CEOs as they weigh the challenges their organizations will face in the next five to 10 years. A new report by global management consultancy EY reveals that cybersecurity tops the list of concerns for CEOs, along with income inequality and job loss caused by technology advances.
The findings in EY’s 2019 CEO Imperative Study confirm earlier research showing that chief executives view cybersecurity threats as one of their most daunting challenges. Adding to the problem, the EY study reveals that CEOs lack confidence in the C-suite’s ability to address these challenges. Only about one-third of respondents (34%) said they believe the current C-suite model is “well-suited to the demands and opportunities of the next decade.”
In January, CEOs in a study by The Conference Board ranked cybersecurity as their biggest “external concern” for 2019. This followed an earlier finding by the World Economic Forum that cybersecurity attacks are the top risk of doing business in North America. And in June, a report by KPMG based on a poll of 400 CEOs revealed that they view cybersecurity as one of the greatest threats to business growth.
Cyber risks are especially daunting for organizations because they create issues of trust. And as Gil Forer, EY Global Markets Digital and Business Disruption Lead Partner, argues in an article about the report, “Futur ..
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