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Volume 27, Issue 4

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Executives warned of increasing information security risks

Businesses must ensure that they have robust information security safeguards in place to protect their operations and attract more clients as IT-related risks continue to rise, according to a PwC survey. PwC warns that business leaders globally are far too optimistic about the strength of their security frameworks.

PwC's 10th annual survey on the Global State of Information Security 2013, which featured interviews with more than 9,300 top-ranking executives from 128 countries, found that 68 per cent of executives are confident of their organisation's information security precautions. Another 42 per cent even viewed their organisation as a 'front-runner', meaning they have an effective strategy in place and are proactive in implementing industry-leading standards in information security strategy and execution.