For UK CEOs, cyber-security is an investment opportunity

CEOs across the UK are increasingly seeing cyber-security not as a burden, but rather an investment opportunity, a new study has claimed.

The KPMG CEO Outlook 2017 report, based on a poll of 150 CEOs in the UK,  found that 70 per cent considered investing in cyber-security an opportunity to find new streams of revenue.

The report also found that cyber-security is increasingly falling under the CEOs’ agenda, signalling a shift from CIOs and CISOs. More than three quarters (77 per cent) of CEOs agreed with the statement: ‘I am personally comfortable with the degree to which mitigating cyber risk is now part of my leadership role’.

Paul Taylor, UK head of cyber security at KPMG, said: “It’s great that business leaders are finally seeing cyber security investment as a positive figure on the balance sheet rather than a negative one. However more needs to be done to make sure their businesses are prepared in the event of a cyberattack, whether it’s from external sources or even insiders.”

Despite the positive news, it was said that business leaders aren’t totally prepared for a cyber-event such as an employee-led data breach, or data theft. Just above half (52 per cent) said they’re ‘fully prepared’ for such scenarios.


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Source: IT Portal.