Innovation elevates security concerns Not surprisingly, while many organizations are pursuing an innovation agenda, security risks are on the minds of many technology executives, especially when it comes to implementing new technologies. Home Key findings Executive summary View infographic Call to action Join our webinar Industry Insights Regional Insights CFO’s Perspective How concerned are you about the security risks (for example, breaches, data loss, improper controls, poor access management) associated with implementing innovative new technologies? Image Globally, a strong majority of organizations – 82% – have a high level of concern about security risks associated with implementing innovative new technologies. However, there is a significant gap between large and small organizations. For example, 70% of businesses with annual revenue under $1 billion are very concerned about the impact of innovative technologies creating security risks, while 90% of organizations with annual revenue of more than $10 billion are very concerned, indicating that larger organizations may be more risk averse than smaller organizations. Pursuing innovation is a strategic priority for most businesses today, but such new activities can create uncertainty and doubt across the C-suite, especially with regard to security and risk management. Given these concerns, organizations should lean on dedicated labs and/or think tanks to focus on innovation activities, including but not limited to how to manage security- and privacy-related risks. Organizations should also embrace concepts such as DevOps, especially a DevSecOps ideology to bake in security during the development process. Learn more A call to action for technology leaders Learn more Notable Observations – Industry and Region Industry Financial services (88%) and telecommunications (87%) expressed greater concerns about security risks around innovation relative to many other organizations. A vast majority (81%) of technology companies have high levels of concern about these security risks. Other industries that express the greatest security concerns tied to innovation include healthcare providers, biotechnology and manufacturing. Region Security concerns by region have little variance. 85% of U.S.-based organizations have a high level of concern, while 73% of UK businesses share that same level of concern. Explore the results Pro Document Consent Innovation is a clear goal for most – strategies and approaches are still works in progress Innovation is critical in an ever-changing business environment. Organizations that fail to prioritize innovation are more likely to fail. Pro Tools Gear Strategies to organize for innovation and address roadblocks vary Innovation cannot happen without building a business culture that fosters innovation and extending that culture takes people, skills and agility. Pro Digital Hightech Technical debt remains a major burden (on an organization) As organizations strive to increase their focus, and time and resources, on innovation, technical debt becomes a significant concern and burden. Pro System Security Innovation elevates security concerns While many organizations are pursuing an innovation agenda, security risks are on the minds of many technology executives. Pro Document Folder Attracting and retaining top talent drives technology adoption and innovation Organizations are deploying a number of innovative and emerging technology tools, but there is significant disparity in the findings that seem to depend on the maturity and benefits of each technology. Pro Location Globe A call to action for technology leaders Read about steps companies should undertake or continue over the near term to ensure they can increase their agility and sustain their innovation and transformation journey successfully over the long term. Pro Rightmark Square Survey methodology and demographics Protiviti surveyed more than 1,000 CIOs, CTOs, CISOs and other technology executives worldwide to ascertain the status of several concepts around innovation and technical debt. Pro Screen System Integration About our Technology Consulting solutions Whether you are looking to automate, modernize, or embark on an end-to-end transformation journey, our technology consulting solutions can help.