07-28-14 | Blog Post
Ever wonder what your company’s CFO is most worried about when it comes to cybersecurity? We may have your answer.
Dig deep down through Grant Thornton LLP’s bi-annual survey of CFOs and other senior financial executives for a pretty good hint. Right there on page 23 of the 28-page report:
What are your business’s top cybersecurity and data privacy concerns?
59% — Potential for undetected breaches
54% — Customer/client data privacy
50% — Unknown and identified risks
42% — Employee and workplace data privacy
32% — Compliance with data security laws
(Respondents were able to select more than one answer.)
More from the report: “Forty-two percent of chief audit executives listed data security/privacy as a risk area that has the potential to impact growth, and 70% include this risk in their internal audit plan. More than 40% of in-house counsel claim that the risk of a cybersecurity/data privacy breach has increased in the past year, but 17% are unsure what was being done to deal with these risks in their organization.”
(Oh, and here’s some good news from that same report: Sixty-eight percent of CFOs expect an increase in the average per-employee salary over the next year!)
Grant Thornton Spring 2014 CFO Survey
What took so long? How data breaches can go months without being detected
Data is money: Just as money belongs in a bank, data belongs in a data center