Deloitte has released the fourth edition of The Global Future of CyberSurvey. It reveals that cybersecurity is becoming increasingly central to companies' growth strategies. The findings demonstrate how decision-makers' approaches to cyber threats are changing, driven by the rapidly changing and complex threat landscape. Organisations are increasing the responsibility and strategic influence of CISOs, involving their boards more in cybersecurity issues, and using technologies such as artificial intelligence to address cyber threats.
Rotterdam, 25 October 2024
In the survey, Deloitte categorised organisations based on their cyber maturity. High-cyber-maturity organisations have a robust cybersecurity planning, effective board engagement, implementation of key cybersecurity activities, and deployment of artificial intelligence (AI) capabilities within their cybersecurity programmes. This year's survey highlights the urgency of cybersecurity, with 25% of high-cyber-matururity organisations reporting 11 or more incidents last year, an increase of 7% compared to 2023.
The survey highlights that the CISO's influence is growing across an increasingly cyber-savvy C-suite. With the rapid acceleration of AI-generated threats, exploiting vulnerabilities by impersonating trusted sources, their role is more important than ever. At the same time, while the CISO's expertise is increasingly important, organisations leverage novel AI solutions to ease the cybersecurity burden. For example, organisations use AI to monitor their digital infrastructure, advanced simulations and automated monitoring of networks, detect anomalies and respond to cyber threats, among other things.
"The rise of AI and other evolving technologies has significantly transformed the threat landscape. As threats become more sophisticated and impactful to core business, CISOs are increasingly required to adopt a more strategic role driving cross business risk prioritisation and mitigation,” says Emily Mossburg, Deloitte Global Cyber Leader. "The close relationship between CISOs and CEOs is a testament to the role security plays in a business's long-term success. Today, CISOs are not only protectors against outside threats, but key players helping their organisation find success by integrating cyber considerations into the strategic decision-making process."
Organisations continue to embrace cyber as an essential component of their enterprise tech stack, budgeting strategies and future business plans. They increasingly rely on technology-driven initiatives to drive growth and innovation. The report finds that C-level recognises the potential of cyber.
The findings of the Future of Cyber report show that cybersecurity is essential for building trust and growth in a tech-powered future. Organisations need to invest in cyber talent, digital planning and collaboration with partners, and truly incorporate cyber into their strategic business initiatives.
The fourth edition of Deloitte Global's Global Future of Cyber Survey focuses on the complex business and technology landscape. The report is based on a survey of nearly 1,200 cyber decision-makers across 43 countries and 6 industries, limited to organisations with at least 1,000 employees and an annual revenue of US$500 million.