Boards ramp up investment in data privacy and security in rush to become GDPR compliant and avoid data breaches, Harvey Nash/KPMG CIO Survey finds

19 july 2018

The largest IT leadership survey in the world, analyzing responses from organizations with a combined annual cyber security spend of up to US$46bn1.

Key findings:
· Cyber crime threats reach all-time high
· Only a fifth of world’s IT leaders are well prepared for a cyber attack
· Over a third of organizations were GDPR non-compliant

“This year the annual KPMG CIO Survey has become the largest IT leadership survey ever undertaken in terms of coverage both worldwide and in Kazakhstan. Moreover, the key findings are equally true for both the global markets and our local market. First of all, they are true for the attitude towards cyber security risks. This type of risk is of the utmost concern to the CIOs and in this regard the board of directors are demonstrating more and more often their attention to and responsibility for management of this risk. The companies are pushing their budgets for infosecurity and understand, at large, the need to strike a balance between the risks and opportunities by stimulating the customer-oriented approach also in the security departments. The second important thing is a notorious problem of a lack of qualified personnel. And here, like everywhere else, the highest demand is for the big data specialists” – comments Konstantin Aushev, Head of IT Advisory at KPMG in Kazakhstan and Central Asia.

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