6 steps to respond to enterprise cybersecurity challenges – Security Magazine

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Cyberattacks top the list of business risks, with 40% of business executives listing them as a serious risk (and 38% citing them as a moderate risk), according to a survey of more than 700 U.S. executives by PricewaterhouseCoopers (PwC). In its latest Pulse Survey, PwC identified top enterprise risks observed in 2022. 
In addition, 51% of board members have cited cybersecurity as a serious risk (and 35% as a moderate risk). Cybersecurity is now a significant responsibility for the entire C-suite and board as more federal agencies aim to enhance and standardize cybersecurity disclosures. 
In March 2022, the Securities and Exchange Commission (SEC) proposed to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incident reporting by public companies. Mainly, the proposal requires the board of directors to oversee cybersecurity risk and annual reporting or certain proxy disclosure about the board of directors’ cybersecurity expertise. 
As a result, board members are more in tune with the evolving cyber threat landscape and their role in overseeing risk management, PwC notes. 
To stay on top of the risky cyber environment, PwC recommends six strategies: 
For the full report, visit pwc.com
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Maria Henriquez joined Security Magazine in 2019 as its Associate Editor. Since then, she has been covering the security industry and reporting on issues affecting enterprise security leaders, to include cybersecurity, leadership and management, risk and resilience and pressing security challenges facing the industry.  
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