Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Cybersecurity in organizations must enable competitive advantage while they continue to protect and optimize security, EY report reveals

This image opens in the lightbox

News provided by

EY

09 Oct, 2018, 23:01 GMT

Share this article

Share toX

Share this article

Share toX

- 87% of organizations surveyed operate with limited cybersecurity and resilience

- 77% currently work with basic cybersecurity protections and are seeking to move toward fine-tuning capabilities

- 82% of boards fail to make cybersecurity a strategic agenda item

LONDON, Oct. 10, 2018 /PRNewswire/ -- A year after organizations were rocked by a series of large-scale cybersecurity breaches and ongoing recriminations over state-sponsored interventions, this year's EY Global Information Security Survey 2018-19 (GISS) Is cybersecurity about more than protection? shows cybersecurity continuing to rise up the board agenda. The survey of more than 1,400 C-level cybersecurity and risk leaders from some of the world's largest and most recognized organizations, with revenues ranging from less than USD 10 million to over USD 10 billion, examines some of the most urgent concerns about cybersecurity and their efforts to manage them.

The survey finds that 87% of organizations operate with a limited budget to provide for the level of cybersecurity and resilience they require and that 55% of organizations don't make the protection of the organization an integral part of their overall business strategy and execution plans. Surprisingly, larger organizations are more likely to fall short on this point than smaller organizations (58% versus 54%). However, cybersecurity budgets are on the rise, with larger companies being more likely to have increased budgets this year (63%) and next year (67%) than smaller companies (50% and 66%, respectively).

A majority of organizations (77%) are now seeking to move beyond basic cybersecurity protections toward fine-tuning their capabilities using advanced technologies like artificial intelligence, robotic process automation and analytics, among others. These organizations are continuing to work on their cybersecurity essentials, but they are also rethinking their cybersecurity framework and architecture to support the business more effectively and efficiently. However, the survey found that 8% of respondents feel that their information security function fully meets their needs currently, with 78% and 65% of larger and smaller organizations, respectively,saying their information security function is at least partially meeting their needs.

All the organizations surveyed are going through digital transformation projects and are increasing their spending on emerging technologies. The study reveals cloud computing (52%), cybersecurity analytics (38%) and mobile computing (33%) as the highest priorities for cybersecurity investment in emerging technologies this year.

Paul van Kessel, EY Global Advisory Cybersecurity Leader, says:

"Organizations today are increasingly investing in emerging technologies as part of their digital transformation programs, and while these have created multiple new possibilities, they also create new vulnerabilities and threats. Organizations should be aware that building a level of trust with customers is critical to the success of their transformation programs. To build this trust, cybersecurity needs to be embedded in the DNA of the organization, starting with making it an integral part of the business strategy."

Careless/unaware employees rank as highest vulnerability and most organizations may not identify all breaches and incidents

Organizations concede that they would be unlikely to step up their cybersecurity practices or spend more money unless they suffered some sort of breach or incident that caused very negative impacts. The survey finds that the riskiest vulnerabilities are careless/unaware employees (34%), outdated security controls (26%), unauthorized access (13%) and related to cloud-computing use (10%). Only 8% say their security functions fully meet their needs and 38% of respondents are unlikely to detect a sophisticated breach, whereas less than 10% believe they have mature security systems. However, many organizations (82%) are unclear about whether they are successfully identifying breaches and incidents. Among organizations that have been hit by an incident over the past year, less than a third (31%) say the compromise was discovered by their security center.

Cybersecurity does not fully influence organizations' strategic plans, the person responsible not a board member

Organizations are now convinced that looking after cyber risk and building in cybersecurity from the start is imperative to success in the digital era. The survey finds, only 18% of organizations saying that information security fully influences business strategy plans on a regular basis, while 60% of organizations say that the person directly responsible for information security is not a board member. However, 70% of all organizations (73% and 68% of the larger and smaller organizations, respectively) say their senior leadership has a comprehensive understanding of security or is taking positive steps to improve their understanding.

Van Kessel says: "We strongly believe that in the future, digital trust will be the bedrock on which business value will be created. To achieve that, organizations must move beyond thinking in siloes about cybersecurity as an IT issue and implement security-by-design. This will increase cyber resilience to give organizations the confidence to seize emerging opportunities and manage cyber risks."

For more information and to download the report, visit ey.com/giss. 

Barbara Burgess

Aparna Sankaran

EY Global Media Relations

EY Global Media Relations

+1-212-773-1652

+44-748-024-5082

barbara.burgess@ey.com

aparna.sankaran@ey.uk.com

Logo - https://mma.prnewswire.com/media/708904/EY_Logo.jpg  

Related Links

http://www.ey.com

Modal title

Also from this source

Stina Ehrensvärd from Sweden named EY World Entrepreneur Of The Year™ 2025

Stina Ehrensvärd from Sweden named EY World Entrepreneur Of The Year™ 2025

Stina Ehrensvärd, co-founder of Yubico, was named the EY World Entrepreneur Of The Year 2025 at an award ceremony held in Monaco's Salle des Etoiles. ...

Rising business energy demand creates new challenges -- and a major opportunity -- for providers, says EY research

Rising business energy demand creates new challenges -- and a major opportunity -- for providers, says EY research

A surge in business energy demand is reshaping the global energy landscape — and pushing energy providers to rethink how they support growth and...

More Releases From This Source

Explore

Computer & Electronics

Computer & Electronics

High Tech Security

High Tech Security

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.