According to a survey by PWC 37% of the 3,900 companies they asked were worried that they were “highly or extremely exposed to cyber risks”.
While three fifths saw AI as a positive cyber and digital risks were top-of-mind in 2023, with those leaders responsible for managing risk ranking cyber higher than inflation.
More than ever, this emphasises the need for robust processes in business to guard against hacking and other cyber security risks.
This means ensuring that only those who need it have access to sensitive data.
It also means having a robust password system including regular changes and two factor authentication.
Plus, it is wise to ensure that all employees are trained to be security aware online and are kept regularly updated as new threats emerge.