Across industries, companies have been intensifying their focus on cybersecurity. This is a direct consequence of the expanding role that digitization is playing in their business and operating models and the demonstrated potential for significant damage resulting from a successful cyberattack.
The rapid evolution and growth of internet-connected "smart" devices and systems - from phones and tablets to commercial truck telematics networks - is exposing businesses and consumers alike to a higher risk of cyber-attack, one that small businesses may not prepared to meet, according to a new survey.
As Home Depot scrambles to determine the scope and scale of a potentially massive breach of its customers' data, the retailer's troubles underscore the challenges facing retailers and card issuers attempting to gird themselves against cybercriminals.
Thirty-seven percent of more than 5,000 respondents reported economic crime in their organizations, with the categories of bribery and corruption and cybercrime experiencing notable growth, according to PwC in its latest Global Economic Crime Survey.
Research McKinsey conducted in partnership with the World Economic Forum suggests that companies are struggling with their capabilities in cyber-risk management.
