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Cyber security: a failure of imagination by CEOs

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Based on the finding from the 2015 KPMG's CEO Outlook Survey, this report explores the risks and rewards of cyber security preparedness

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Cyber security: a failure of imagination by CEOs

  1. 1 ©KPMG 2015. Insert copyright information here. Imagnimus inciis sed maximus, acepedi psandi occum qui coribus et et volumquia volo con pe quis ipsae con experfe raerovition pariorem fuga. Ita cores doluptae pro consed mi, ut et adi bea cus sum il magnita tiunteseque sae vel modi rem con errorpor sendiciendes et, optate est, sin non pro dolenda nimint ea doluptur sapernatius eum facernam adipit ex es inverferum eventio rempos inus exererum solutet la quia suntotatem explique mi, comnis es molut eic tem excestis et ellautes. Afailureof imagination byCEOs
  2. Todayeverycompany isacybercompany Nearly a third of CEOs list cyber security as an issue that has the biggest impact on their company today Keeping data safe is no longer an afterthought whether it’s customer data or IP necessary to run the company
  3. of CEOs indicated that information security /cyber is the risk they are most concerned about 86% of CEOs list cyber as the issue that has the biggest impact on their company today 29%
  4. Areyouready? Only half of CEOs surveyed say they are fully prepared for a future cyber event
  5. Areyouready? While a large majority of US CEOs feel fully prepared, Europe and Asia CEOs are not as confident
  6. Of CEOs 31% 32% 49% 87% Globally In the US In Europe In Asia Pacific …are fully prepared for a cyber event
  7. WhatkeepsCEOs awakeatnight CEOs are concerned about loyalty of their customers 86% CEOs are struggling to keep up new technologies 72% CEOs are concerned about the relevance level of their products and services 66% Cyber security is tied to customer loyalty and trust as well as innovation
  8. A breach can seriously undermine customer confidence and damage brand reputation
  9. Togethertheseissuesarecreating theperfectstormonthetalentside of CEOs not prepared for a future cyber event are more likely to increase head count 40% of CEOs anticipate skill gaps will emerge – shortage is more acute when cyber professionals blend business, management & risk skills along with technical savvy. 48%
  10. Many companies that suffer serious breaches think they were prepared. The root cause of their failing is often a failure of imagination. A failure to imagine the sophistication and persistence of their attackers. Malcolm Marshall Global Cyber Security Leader
  11. Weinterviewed1250CEOs Across10keymarkets: 400 US 150 UK 125 Germany 125 China 125 India 100 Japan 75 France 50 Italy 50 Spain 50 Australia
  12. 9keysectors: Big businesses… 1/3 of respondents have over US$10B in annual revenue No responses from companies under US$500m Weinterviewed1250CEOs Asset management Automotive Banking Consumer markets Energy/Utilities Healthcare Insurance Manufacturing Technology
  13. Formoreinformation Visit kpmg.com/CEOOutlookCyber

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