More than 60 percent of global CEOs and technology anticipate an increase in cybercrime in 2022, with mobile networks, the Internet of Things (IoT) and cloud services at the top of the list of attack targets, according to a PwC survey. Mediafax.

More than 60% of global CEOs and technology executives anticipate an increase in cybercrime in 2022, with mobile networks, the Internet of Things (IoT) and cloud services at the top of the list of attack targets, according to PwC’s “Digital Trust” survey. Insights 2022 ”. Also, over half (53%) of respondents believe that the number of attacks by state actors will increase.

Almost 60% of respondents expect an increase in attacks on their cloud services, and 56% predict more security breaches at the level of their software providers. At the same time, respondents estimate a significant increase in ransomware and cryptocurrency attacks.

“Organizations can be vulnerable to attack even when they have a good cyber defense, because a sophisticated attacker will always look for the weakest link, sometimes through the company’s suppliers. According to our survey, most organizations have difficulty understanding cyber risk and information privacy risk in supplier relationships. Therefore, the simplification of the processes that bring too much complexity and the security of the relations with the partners are more than necessary today ”, declared Mircea Bozga, Risk Audit Services Partner of PwC Romania.

Thus, almost three quarters of respondents say that a high organizational complexity generates cyber and privacy risks. Data governance and infrastructure (77% each) ranked first among areas of “unnecessary and avoidable” complexity.

Harmful organizational habits include: using multiple technology solutions that do not work together and non-compliance with data management or risk management processes with third parties.

Asked how they minimize risks to third parties, the most common answers were auditing or verifying the compliance of their providers (46%), exchanging information with third parties, or otherwise helping to improve their cybersecurity (42%) and addressing related challenges. of costs or time of cyber resilience (40%). However, most companies did not improve the criteria related to third parties (58%), did not redo contracts (60%) and did not increase the rigor of the analysis process (62%) to identify threats that may result from these relationships.

Organizations are aware that risks are rising, and more than 50% expect an increase in reportable incidents next year, above 2021. In this context, 69% of organizations plan to increase spending on cybersecurity in 2022, compared to 55% of respondents in last. Of these, more than a quarter (26%) predict spending increases of 10% or more.

Global Digital Trust Insights 2022 was conducted between July and August 2021 among 3,602 CEOs of technology and security in Western Europe, North America, Asia Pacific, Latin America, Eastern Europe, the Middle East and Africa. Over 60% of respondents are with companies with revenues of over $ 1 billion, and 33% have over $ 10 billion. Respondents operate in a number of industries: technology, media, telecommunications, industrial production, financial services, retail, energy, utilities and energy, health and public and government services.

PwC: 6 out of 10 executives globally anticipate the rise of cybercrime in 2022

BUCHAREST (MEDIAFAX) – More than 60% of global executives and technology executives anticipate an increase in cybercrime in 2022, at the top of the list of targets for attacks being mobile networks, Internet of Things (IoT) and cloud services, according to a PwC survey.

More than 60% of global CEOs and technology executives anticipate an increase in cybercrime in 2022, with mobile networks, the Internet of Things (IoT) and cloud services at the top of the list of attack targets, according to PwC’s “Digital Trust” survey. Insights 2022 ”. Also, over half (53%) of respondents believe that the number of attacks by state actors will increase.

Almost 60% of respondents expect an increase in attacks on their cloud services, and 56% predict more security breaches at the level of their software providers. At the same time, respondents estimate a significant increase in ransomware and cryptocurrency attacks.

“Organizations can be vulnerable to attack even when they have a good cyber defense, because a sophisticated attacker will always look for the weakest link, sometimes through the company’s suppliers. According to our survey, most organizations have difficulty understanding cyber risk and information privacy risk in supplier relationships. Therefore, the simplification of the processes that bring too much complexity and the security of the relations with the partners are more than necessary today ”, declared Mircea Bozga, Risk Audit Services Partner of PwC Romania.

Thus, almost three quarters of respondents say that a high organizational complexity generates cyber and privacy risks. Data governance and infrastructure (77% each) ranked first among areas of “unnecessary and avoidable” complexity.

Harmful organizational habits include: using multiple technology solutions that do not work together and non-compliance with data management or risk management processes with third parties.

Asked how they minimize risks to third parties, the most common answers were auditing or verifying the compliance of their providers (46%), exchanging information with third parties, or otherwise helping to improve their cybersecurity (42%) and addressing related challenges. of costs or time of cyber resilience (40%). However, most companies did not improve the criteria related to third parties (58%), did not redo contracts (60%) and did not increase the rigor of the analysis process (62%) to identify threats that may result from these relationships.

Organizations are aware that risks are rising, and more than 50% expect an increase in reportable incidents next year, above 2021. In this context, 69% of organizations plan to increase spending on cybersecurity in 2022, compared to 55% of respondents in last. Of these, more than a quarter (26%) predict spending increases of 10% or more.

Global Digital Trust Insights 2022 was conducted between July and August 2021 among 3,602 CEOs of technology and security in Western Europe, North America, Asia Pacific, Latin America, Eastern Europe, the Middle East and Africa. Over 60% of respondents are with companies with revenues of over $ 1 billion, and 33% have over $ 10 billion. Respondents operate in a number of industries: technology, media, telecommunications, industrial production, financial services, retail, energy, utilities and energy, health and public and government services.

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