Given that cyberattacks can lead to devastating losses of money, trust and reputation, companies have an intrinsic incentive to strengthen their security set-up. The demand for an appropriate level of protection for specific data types is increasingly formulated in regulatory requirements that demand technical and organisational measures to ensure data confidentiality, integrity, availability and privacy.
As cyber threats increase and organisations simultaneously show continued deficiencies when it comes to data protection, the regulatory landscape is becoming more sophisticated and complex. According to PwC’s 23rd CEO survey*, Swiss CEOs recognize this challenge. They consider cyber risks the third largest threat to their growth prospects and believe that regulation will become more fractured and complex. Even though Swiss firms show a certain level of awareness, they still maintain inadequate cybersecurity to be able to protect data, detect attacks in due time and be able to respond to an attack.
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Website: | Visit Publisher Website |
Publisher: | PricewaterhouseCoopers (PwC) |
Published: | August 1, 2020 |
License: | Copyrighted |
Copyright: | © 2020 PwC. All rights reserved. |