Connectivity, The C-Suite, And The Consumer: An Evolving Cyber Landscape

found that an overwhelming majority of respondents are concerned about privacy and cyber issues.

Against this backdrop, executives must reimagine their approach to cyber. This requires leadership to redefine the role of cyber risk management while also recognizing and addressing the concerns of both internal and external stakeholders.Executives have traditionally viewed cyber as a means to protect information, and thus, control has been relegated to the IT function. However, this model is no longer sufficient in Industry 4.

Furthermore, only 14 percent of millennials strongly agree that the benefits of technology outweigh the risks associated with sharing personal data, and 79 percent are concerned they will be victims of online fraud.

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