4 essential steps CEOs should take to minimize digital risk

SourceWorld Economic Forum
SectorEconomy
CountryMiddle east

• The increase in remote working with the pandemic has increased our exposure to cybercrime. • Most companies are ill-prepared in their cyber-resilience plans. • Cybersecurity should be fully integrated with a company's business strategy. The accelerated shift towards digital space with the pandemic has changed the corporate world. It is up to company leaders to make sure their businesses can adapt effectively to these changes and keep pace with global digitalization. This process, however, comes with multiple challenges. Research shows C-suite executives are 12 times more likely to be targets of cyberattacks than other employees at their organization.

Coupled with other risks on the threat landscape, this might endanger the digital transformation of the business. Key digital risks for organizations in 2021 Growing connectivity We are surrounded by smart devices – at home, at the office, in the streets. According to IoT Analytics, by the end of 2020 the number of connected devices around the globe will reach 21.7 billion, and 54% of them will be part of the internet of things (IoT). By the end of 2020, 21.7 billion devices will be connected to the IoT Image: IoT Analytics However, ...read more...