TCS Risk and Cybersecurity Study
Amid an unprecedented upsurge in sophisticated cyberattacks, a TCS study finds out how the C-suite leaders are preparing their defenses.
Services
Cyber Security
Data and Cybersecurity to Fight off Cyberattacks
How to better equip your enterprise with a risk and cybersecurity strategy
CISOs and CROs have invested heavily in risk assessment and security tools to anticipate threats and protect their organizations. And advanced technologies are key. But engaged and strategically aligned leadership, secure platforms, and the right skills are just as important.
The good news
CISOs and CROs are somewhat confident about their defense
Nevertheless, a sizable number of cyber risk and security executives feel worried or even overwhelmed about their ability to meet current and emerging threats. Some organizational best practices emerge that point the way toward cyber confidence.
Nevertheless, a sizable number of cyber risk and security executives feel worried or even overwhelmed about their ability to meet current and emerging threats. Some organizational best practices emerge that point the way toward cyber confidence.
Essential takeway
Growing awareness
Companies where the board of directors and C-suite are proactive about its cyber strategy are more likely to see better-than-average revenue and profit growth and fewer problems recruiting and retaining advanced cyber skills.
Companies where the board of directors and C-suite are proactive about its cyber strategy are more likely to see better-than-average revenue and profit growth and fewer problems recruiting and retaining advanced cyber skills.
Cloud confidence
Using cloud-based tools inspires confidence
Financially successful companies are also more likely to regard cloud-based tools and platforms as more secure than on-premises data centers.
Financially successful companies are also more likely to regard cloud-based tools and platforms as more secure than on-premises data centers.
Potential problem
Complacency on risks and threats
While companies rightly see much promise for future revenues and productivity by participating in emerging digital ecosystems, most companies are too complacent about the risks and threats inherent in such exchanges of data.
While companies rightly see much promise for future revenues and productivity by participating in emerging digital ecosystems, most companies are too complacent about the risks and threats inherent in such exchanges of data.
Top Challenges
Talent acquisition and retention
Recruiting and retaining top talent with the relevant skill sets to manage, engineer and support cybersecurity technology is the number one challenge for cyber professionals today.
Recruiting and retaining top talent with the relevant skill sets to manage, engineer and support cybersecurity technology is the number one challenge for cyber professionals today.
The TCS Risk & Cybersecurity Study explores:
Six cybersecurity challenges facing manufacturers
Weighing the current 24/7 production schedule against the future risk of cyber threats lies at the heart of the manufacturer’s paradox
The TCS Risk & Cybersecurity Study for Utilities
Utilities’ security strategies must encompass not only run-the-business IT but operating environments that are becoming ever more networked and therefore vulnerable. Yet some of the more financially successful utilities manage to excel at cybersecurity. Discover how.
The TCS Risk & Cybersecurity Study: Banking & Financial Services Report
Many banks and financial services firms have adopted extremely sophisticated cybersecurity measures to safeguard their data and processes. Yet challenges within these companies can keep their chief risk and information security officers on the defensive, playing catch-up with cyber criminals.
The TCS Risk & Cybersecurity Study: Media, entertainment, and information services
The media, entertainment, and information services business has experienced disruption, changes to business models and consumer behavior, large-scale mergers and acquisitions, and even redefinition and recategorization in recent years. In the context of these upheavals, we surveyed over 151 cyber executives—chief information security officers and chief risk officers of major media and entertainment companies—to learn how they’re facing the expanding landscape of cyber threats.
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Cloud confidence
Just how confident are CISOs and CROs today? How engaged are their boards of directors? And can they rely on their fellow C-suite and business unit executives to embed cyber risk and security considerations in their plans and projects? Learn these answers and other findings in this brief
Just how confident are CISOs and CROs today? How engaged are their boards of directors? And can they rely on their fellow C-suite and business unit executives to embed cyber risk and security considerations in their plans and projects? Learn these answers and other findings in this brief
Infographic
Recruitment and retention
A majority of CISOs say they’re not equipped to ward off the most sophisticated cyber attacks. Yet it’s the companies that don’t yet trust the security of cloud platforms where cyber executives are the most overwhelmed by internal risks and external threats. Learn more in this sneak peak of the study data.
A majority of CISOs say they’re not equipped to ward off the most sophisticated cyber attacks. Yet it’s the companies that don’t yet trust the security of cloud platforms where cyber executives are the most overwhelmed by internal risks and external threats. Learn more in this sneak peak of the study data.
About the study
TCS Thought Leadership Institute conducted this study of more than 600 CISOs and CROs early in 2022 amid an unprecedented upsurge in increasingly sophisticated cyberattacks from criminals, sovereign states, and other bad actors exploiting global socio-political and economic tensions. The survey respondents were drawn from North American, European, and UK-headquartered companies in four industries facing an unprecedented onslaught of cyber threats and increased risks, whether to business data, customer data, their operations, trade secrets, or their supply chains: banking and financial services, manufacturing, utilities, and media and information services.
