September 30, 2024 at 07:38AM
PwC’s cybersecurity report reveals that cloud threats are the top concern for 42% of business leaders, despite ransomware being lower on the list. Concerns align with least preparedness, with cloud attacks at 42%. Generative AI poses a growing security risk but also aids threat intelligence. Regulatory requirements drive cybersecurity investment and improvement in security frameworks.
Key takeaways from the meeting notes are as follows:
– Enterprise cloud computing offers benefits of efficiency and scalability, but security threats specific to the cloud are the leading concern among business leaders.
– The top five threats identified by PwC’s report include hack and leak operations, third-party breaches, attacks on connected products, and ransomware.
– Concern about ransomware is particularly high among Chief Information Security Officers (CISOs), at 42%.
– The concern percentages reflect the frequency at which each threat appeared in respondents’ top-three concerns.
– Cloud attacks are both the most concerning and the ones organizations feel least prepared to address.
– Generative AI has been used for good but also contributed significantly to the widening attack surface faced by organizations.
– Regulations have prompted organizations to improve their security, with new frameworks such as DORA, CIRCIA, the Cyber Resilience Act, and the NIS2 Directive leading to increased cybersecurity investment.
It’s important for organizations to align across security teams, risk functions, and executive leadership to maintain compliance readiness and drive strategic improvements.