Global cybersecurity risk has never been higher, yet its magnitude is almost certain to intensify in the months and years to come.  Cybercriminal activity against global companies surged in the past year, and there are growing signs – including expert analysis – suggesting that a form of global cyberwar has commenced.

Although these attacks vary in their intent, businesses remain in the crosshairs of these incursions.  In addition to being something for which a company requires strong defences, information security also needs to be planned for as organisations consider and deploy new approaches to generate revenue.  Such conditions make cybersecurity a critical organisational priority and a top concern in the boardroom, C-suite, information technology function, and every area of the business.

It is imperative that boards and executive leadership keep close tabs on the state of their company’s cybersecurity programs.  Protiviti’s latest Security and Privacy Survey delivers insights on the specific policies and qualities that distinguish top-performing companies from other organisations with regard to security and privacy practices.  Our survey also identifies prime opportunities companies can leverage to strengthen their security capabilities.

Positive signs are particularly evident in companies where 1) the board of directors is highly engaged  in information security matters; and 2) management has in place a robust set of key information security policies.