It may be hard to believe, but according to a new report barely over one-half (just 56%) of companies have an overall information security strategy. Given the huge importance of data security, it’s important that companies be prepared—here are a few things to consider.
The Global State of Information Security Survey 2018 from PwC surveyed 9,500 executives from all around the world. It showed that there is much work that still needs to be done in the business cybersecurity realm; here are some of the survey’s findings:
- 51% of those polled have an accurate personal data inventory.
- Only 49% said they limit personal data collection, retention, and access to the minimum necessary.
- Some good news: 87% of these executives said they are investing in cybersecurity to build trust with customers.
Sean Joyce, PwC’s U.S. cybersecurity and privacy leader, wrote in the report that “There are very few companies that are building cyber and privacy risk management into their digital transformation correctly.”
So, what’s to be done? TechRepublic gathered the following 6 tips for leaders that will help them better prepare for cybersecurity issues.
- The C-suite must own management of digital risk.
- Engage your board.
- Prioritize data-use governance.
- View the European Union’s General Data Protection Regulation (GDPR) as an opportunity.
- Consider the risks of regulation abroad in a strategic context.
- Champion responsible innovation.
Read TechRepublic’s full article for more details on these tips to improve your company’s cybersecurity posture.