Share with your friends










Submit

Analytics Magazine

Closer C-level collaboration needed to bridge gap in cyber readiness

Closer C-level collaboration needed to bridge gap in cyber readiness

Source: ThinkStock

With the proliferation of more and more sensitive data, expanding connectivity, and the adoption of automated processes, new research from Accenture reveals that C-suite and IT decision-makers need to embrace a different approach to cybersecurity to effectively protect against future cyber risks. While most companies have a chief information security officer (CISO) or assigned cybersecurity to a C-suite executive, such as a chief information officer (CIO), often, these leaders have limited influence on cybersecurity strategy outside their departments. Additionally, nearly half of CISOs acknowledge that their responsibilities for securing the organization are growing faster than their ability to address security issues.

In the study, “Securing the Future Enterprise Today – 2018,” 73 percent of the more than 1,400 C-level executives polled agreed that cybersecurity staff and activities need to be dispersed throughout all parts of the organization, but cybersecurity remains centralized in 74 percent of companies. Moreover, there is little indication that C-suite executives expect to shift more responsibility for cybersecurity to business units. For example, 25 percent of non-CISO executives say business unit leaders are accountable for cybersecurity today and a similar number believe business unit leaders should be responsible in the future.

“There is no doubt that organizations are taking cybersecurity more seriously, however, there is still much work to be done. Cybersecurity strategy needs to be led by the board, executed by the C-Suite and owned at the front lines of the organization. Further, it must be infused across all aspects of a company’s processes and systems, and built into the daily work activities of employees,” says Omar Abbosh, Accenture’s chief strategy officer. “To be able to grow safely, companies can establish sustained cyber resilience through a continual, proactive focus on cyber risk management at all levels.”

The study exposed a disparity between what C-suite executives say are the emerging areas of concern and the cybersecurity strategies employed for protection. For example, companies are still doing little to spread security knowledge among employees, and very few CISOs have the authority to influence business units across their organizations.

C-suite executives view several types of new technologies and tools as raising cyber risk for their companies, and they’re highly concerned about the potential dangers of sharing data with third parties. Internet of Things technology topped the list with 77 percent of respondents saying that it will increase cyber risk moderately or significantly. Seventy-four percent of respondents said cloud services will raise cyber risk, but only 44 percent said that cloud technology is protected by their cybersecurity strategy. More than 70 percent of respondents expect sharing data with strategic partners and third parties will raise risk, yet only 39 percent said that the data exchanged is adequately protected by their cybersecurity strategy.

Related Posts

  • 65
    “Drive thy business or it will drive thee.” Benjamin Franklin offered this sage advice in the 18th century, but he left one key question unanswered: How? How do you successfully drive a business? More specifically, how do you develop the business strategy drivers that incite a business to grow and…
    Tags: data, business
  • 56
    With the rise of big data – and the processes and tools related to utilizing and managing large data sets – organizations are recognizing the value of data as a critical business asset to identify trends, patterns and preferences to drive improved customer experiences and competitive advantage. The problem is,…
    Tags: data
  • 50
    The Internet of Things (IoT) is considered to be the next revolution that touches every part of our daily life, from restocking ice cream to warning of pollutants. Analytics professionals understand the importance of data, especially in a complicated field such as healthcare. This article offers a framework on integrating…
    Tags: data
  • 47
    Nearly 40 percent of data professionals spend more than 20 hours per week accessing, blending and preparing data rather than performing actual analysis, according to a survey conducted by TMMData and the Digital Analytics Association. More than 800 DAA community members participated in the survey held earlier this year. The…
    Tags: data, percent
  • 46
    It’s long been popular to talk about customer interaction data such as clickstream, social activity, inbound email and call center verbatims as “unstructured data.” Wikipedia says of the term that it “…refers to information that either does not have a pre-defined data model or is not organized in a pre-defined…
    Tags: data


Headlines

Does negative political advertising actually work?

While many potential voters dread campaign season because of pervasive negative political advertising, a new study has found that negative political advertising actually works, but perhaps not in the way that many may assume. The study “A Border Strategy Analysis of Ad Source and Message Tone in Senatorial Campaigns,” which will be published in the June edition of INFORMS’ journal Marketing Science, is co-authored by Yanwen Wang of the University of British Columbia in Vancouver, Michael Lewis of Emory University in Atlanta and David A. Schweidel of Georgetown University in Washington, D.C. Read more →

Meet Summit, world’s most powerful, smartest scientific supercomputer

The U.S. Department of Energy’s Oak Ridge National Laboratory on June 8 unveiled Summit as the world’s most powerful and smartest scientific supercomputer. With a peak performance of 200,000 trillion calculations per second – or 200 petaflops – Summit will be eight times more powerful than ORNL’s previous top-ranked system, Titan. For certain scientific applications, Summit will also be capable of more than three billion billion mixed precision calculations per second, or 3.3 exaops. Read more →

Employee engagement a top concern affecting customer experience

Employee engagement has surfaced as a major concern in delivering improvements in customer experience (CX), with 86 percent of CX executives in a Gartner, Inc. survey ranking it as having an equal or greater impact than other factors such as project management and data skills. “CX is a people issue,” says Olive Huang, research vice president at Gartner. “In some instances, the best technology investments have been derailed by employee factors, such as a lack of training or incentives, low morale or commitment, and poor communication of goals." Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

INFORMS Annual Meeting
Nov. 4-7, 2018, Phoenix

OTHER EVENTS

Making Data Science Pay
July 30-31, 12:30 p.m.-5 p.m.


Predictive Analytics: Failure to Launch Webinar
Aug. 18, 11 a.m.


Applied AI & Machine Learning | Comprehensive
Sept. 10-13, 17-20 and 24-25


Advancing the Analytics-Driven Organization
Sept. 17-20, 12-5 p.m. LIVE Online


The Analytics Clinic: Ensemble Models: Worth the Gains?
Sept. 20, 11 a.m. -12:30 p.m.

CAP® EXAM SCHEDULE

CAP® Exam computer-based testing sites are available in 700 locations worldwide. Take the exam close to home and on your schedule:


 
For more information, go to 
https://www.certifiedanalytics.org.