Many Companies Worldwide Underprepared for Cyber Attacks
January 19, 2016
A recent survey from KPMG Capital suggests that only about half the world’s CEOs feel their companies are “fully prepared” to counter a cyber breach in the next three years. One notable exception: businesses in the U.S., where about ninety percent of CEOs feel their companies are ready to fend off hackers. We are not surprised that KPMG is gathering information on in the subject, since it recently took an equity stake in cyber-intelligence firm Norse Corp.
“According to the 2015 KPMG CEO Outlook Study [PDF] of more than 1,200 CEOs, one out of five indicated that information security is the risk they are most concerned about. ‘Collectively we sleepwalked into a position of vulnerability when it comes to cyber,’ said Malcolm Marshall, Global Head of Cyber Security at KPMG. ‘This combination of lack of preparedness and concern, from those organizations that are among the best equipped to deal with risks of this magnitude, clearly illustrates cyber security challenges remain severely unaddressed.’”
A lack of skilled cyber-security workers seems to be a large part of the problem, particularly ones who also have management or social-science skills. However, we’re told the root cause here is the “failure to imagine” what hackers can do and might try before they’ve tried it. Clearly, many executives would do well to get themselves up to speed on the subject, before their companies fall victim.
Cynthia Murrell, January 19, 2016