Annual Cybersecurity Survey by PwC – Turnaround and Transformation

PwC’s annual cybersecurity survey – turnaround and transformation  

Attended the presentation by PwC which revealed a number of themes including: continuous investment/spend on cybersecurity and collaboration with others and big data (analytics) is a big factor in a cybersecurity program

Key findings by PwC’s survey:

• 91% follow a risk-based cybersecurity framework
• 69% use cloud-based cybersecurity services
• 59% leverage Big Data to improve cybersecurity
• 65% collaborate with others to improve cybersecurity
• 54% have a CISO in charge of the information security program

Additional result / themes for all industry – further data analysis is available via their GSISS site

• 31% experienced 50+ incidents while 7% don’t know
• 20% will have an InfoSec budget of 1M-4.9M with next highest at 15% budgeted for 10M
• Security safeguards will be implemented via (in order of majority): overall strategy, CISO in charge, awareness program, third-party, threat assessment and activity monitoring/analysis
• The role of CISO/CSO or security exec will primarily focused on: approach as enterprise risk-mgmt issue, communication directly with CEO, etc., understanding business/competitive issues and environments
• Cloud-based security adoption for security include (primarily) advance authentication and real-time monitoring/analysis

Finally, the financial sector analysis (other sectors forthcoming) revealed major challenges to be third-party, rapid evolution of technology, cross-board data exchange, mobile technology on the rise, and increased threats from outside the country.