According to data presented by the Atlas VPN team, based on the KPMG 2021 CEO Outlook Pulse survey, nearly one-fifth (18%) of CEOs see cyber-security risks as the number one threat to their organizations’ growth over the next three years.
Concern over cyber-security risks rose significantly among CEOs compared to last year, when it occupied the fifth spot in the list with 10 percent of CEOs indicating it poses a threat to their organizations’ development. Other CEO concerns that made it to the top five include tax risk (14%), regulatory risk (14%), supply chain risk (12%), operational risk (10%), and environmental or climate change risk (10%).
To mitigate these risks, companies plan to spend more on digital technologies this year, with 52 percent prioritizing data security measures.
“The emphasis on cyber security in companies is long overdue,” said Rachel Welch, COO of Atlas VPN. “While COVID-19 has brought about a myriad of challenges for individuals and organizations, it has also encouraged us to seek better practices. In the end, those who will be able to adapt to the new normal in the post-COVID world will come out of the situation more robust than before.”
Click here to read the full article on the Atlas VPN blog.
