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The pandemic is over! PwC: The main concern of



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Nearly half of global executives are worried that a potential cyber attack will undermine their achievement of financial and development goals in the next 12 months, with cybersecurity risks ahead of health and macroeconomic volatility this year, including inflation, unemployment and fluctuation. GDP, reveals the results of the 25th edition of PwC CEO Survey 2022, quoted by Agerpres.

When asked how these risks might impact their business, about two-thirds of the CEOs surveyed believe that they will reduce their sales of products and services, and 56% that they will affect their ability to innovate. At the same time, 19% believe that cybersecurity risks may prevent them from attracting funding, and 17% believe that they will affect the process of attracting and retaining key employees.

According to the quoted source, CEOs in the financial services and technology, media and telecommunications sectors are most concerned that cybersecurity risks could threaten the achievement of the goals of the companies they lead in the next 12 months and place them at the top of the list. .

In the health sector, cybersecurity ranks second on the list of concerns after the global health crisis.

“It is interesting that executives in the manufacturing and consumer sectors have shown lower levels of concern about cyber risks (third place), despite the high volume of attacks in these sectors,” the authors of the study said.

The results of the survey highlight once again the intensification and aggressiveness of cyber attacks in the last two years of the pandemic, which have generated exponentially higher losses for companies than in the past.

“In response to COVID-19’s responses and subsequent behavioral changes, many organizations have compressed years of digital transformation in just a few months, which has changed their cybersecurity risk profile. Hackers wereted no time in exploiting the new attack vectors that appeared as the number of connections, devices, applications, and data increased. At least half of global organizations have reported being hit by malware through software updates, attacks on the software supply chain and compromising business e-mails, the research said.

Ransomware requests – and payments – are also on the rise. Survey results show that attackers typically ask for a sum to provide a digital key to unlock the files and servers they have encrypted and a separate ransom for not sharing the data they stole. In 2020, the largest redemption had doubled from the previous year, reaching $ 10 million, a record quickly broken in March 2021, when it reached $ 40 million.

Under these conditions, according to research, it is essential that business objectives also include cybersecurity strategies, and some organizations have begun to develop “secure companies” projects.

“They focus on establishing security and confidentiality as key operational and business objectives, hiring a senior information security officer, empowering the person to create cross-functional teams, and including cybersecurity in other key decisions, such as procurement. and product launches and on reducing complexity through measures such as strengthening suppliers to minimize vulnerabilities, ”said the survey’s authors.