KPMG survey: Building trust through cybersecurity and privacy – Saudi Gazette

KPMG survey: Building trust through cybersecurity and privacy – Saudi Gazette

RIYADH — KPMG has released its “Cyber trust insights 2022” report that analyses the five crucial steps to building trust through cybersecurity and privacy.

The report surveyed 1,881 executives and conducted a series of discussions with corporate leaders and professionals worldwide to explore the extent to which the C-suite recognizes this, how they are meeting the challenge and what they need to do next.

KPMG has identified five crucial steps towards building trust through cybersecurity:

Treat cyber and privacy as a golden thread woven into the business; Build internal alliances; Reimagine the Chief Information Security officers (CISO) role; Secure leadership support; and, Reach out to the ecosystem.

Emerging technologies such as distributed ledger technology (DLT), quantum computing, 5G networks, artificial intelligence (AI)/machine learning (ML), and augmented and virtual reality are developing rapidly and promise to transform how businesses operate.

However, the successful rollout of future applications (connected economy, smart systems, NFT, metaverse, etc.) that rely on these technologies will likely be governed by an organization’s ability to instill trust across multiple dimensions. This means embedding security and privacy controls with transparency, reliability and integrity, the report said.

Organizations know they must become data-driven or risk irrelevance. Many are scaling AI to automate data-driven decision-making, but AI