A C-suite united on cyber-ready futures: Findings from the 2023 Global Digital Trust Insights

The C-suite playbook on cybersecurity and privacy, featuring PwC's latest survey, Global Digital Trust Insights, highlights what lies ahead in 2023 and how executives can work together for cyber-ready futures.

Driven by events no one could have foreseen, leaders in recent years have pushed their companies and themselves beyond their comfort zone: out of the office to remote workplaces; into the cloud; along chains of supply that are almost completely digital. And with each new venture has come new cyber risks.

Good news: CISOs and cyber teams have risen to the challenge and other C-suite executives have joined forces with them. More than 70% of 3,522 respondents observed improvements in cybersecurity in the past year — thanks to cumulative investments and C-suite collaboration.

But the goalposts keep moving so there’s more work to do — and in a tough economic environment:

• Fewer than 40% of senior executives say they have fully mitigated the risks their bold moves incurred.

• By their own assessments, CISOs see the need to advance further on five cyber capabilities: identify, detect, protect, respond, recover.

• Senior execs see heightened threats to their organisation and worry they’re not fully prepared to address them.

• In 2023, these challenges loom: mandated disclosures, tests of resilience, and pressure to get data security and privacy right.

Cybersecurity has become a more dynamic field, rapidly adjusting and shifting to keep apace with business inventiveness.

This agility is what’s needed for the tougher challenges ahead. How can each of you continue to make a difference? Where should CISOs and cyber teams wield influence for the greatest effect?

The C-suite playbook on cybersecurity and privacy, featuring PwC's latest survey, Global Digital Trust Insights, highlights what lies ahead in 2023 and how executives can work together for cyber-ready futures. Download now.