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Today’s senior leaders face a range of complex, interconnected and fast-evolving risks. Few of these are as critical and so poorly understood as the risk of cyber-attack.
One of the main challenges is the non-physical nature of the threat. Data is a long way from the traditional property that can be neatly defined and covered by standard business insurance. All too often, the potential for a cyber-attack is regarded as an IT problem rather than an enterprise-wide issue. Yet a serious breach can cause catastrophic harm: it undermines customer trust, provokes regulatory scrutiny, disrupts operations and causes long-term financial damage.
Grant Thornton carried out a new research with one question in mind: how do today’s leaders ensure that their businesses can anticipate and overcome cyber risk? Read more in our report "Locking down the value of data" or on grantthornton.global.
