Aussie big business CEOs investing more in cyber than global counterparts: KPMG

Australia’s top chief executives are more concerned about cyber security threats and are spending more money to defend against them than their global counterparts, according to new research from KPMG.

Figures extracted from the big four accounting firm’s latest Global CEO Outlook study showed that 71 per cent of Australian business leaders running companies turning over more than $500 million were investing in cyber security, compared to 53 per cent of chief executives globally.

KPMG Australia cyber security services partner Gordon Archibald said the results of the study backed up the findings of the ASX 100 Cyber Health Check, which found a high level of risk awareness of cyber threats in the top levels of corporate Australia.

“It’s really becoming top of mind for chief executives and part of that is because of the impact these breaches have on businesses,” he said.



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Source: Financial Review.