We’re in the decade of digital change in which only the fit will survive and thrive. And to be digitally fit, you need to be digitally trusted – by customers, suppliers and all the stakeholders in your business.
More than ever before, the growth of your organisation depends on your ability to embrace the new trust dynamic.
At PwC, we aim to provide you with the confidence that comes with digital trust, whether you are currently taking stock of your cyber risk capabilities or if you are on your way to building the right capabilities.
A Forrester Report rated PwC highly for its platforms, board-related services and the way it stands out in capturing the mindshare of C-level stakeholders, with its cyber risk quantification capabilities and chief information security officer (CISO) engagements.
The Forrester Wave states: “PwC recognized that cybersecurity consulting firms needed to productize engagements by building platforms before its competitors, and it hasn’t lost the lead it established early on. And while competitors have closed the gap, PwC still stands out with its unique intellectual property and the pricing flexibility this creates for clients.” PwC was also recognised for its strategic vision, industry expertise, and ability to transfer knowledge to its clients.
Source: The Forrester Wave™: Global Cybersecurity Consulting Providers, Q4 2021
The role of digital trust in today’s accelerated digital landscape is more pronounced than ever before. Security leaders are working closely with business teams to strengthen organisational resilience. There is a more integrated approach to digital and data security with new layers of protection due to real-time risk monitoring systems. As a result, cyber is leveling the playing field with attackers, pushing back and fending off attackers like never before.
Today, a digital-first strategy is key to pivoting back to a steady growth path and securing the future of businesses in the new world. Digital trust is undoubtedly integral to the digital-first strategy.
The best defence is often offense. If organisations are able to threat-hunt effectively and find cyber attackers before they strike, the battle is half won.
Keeping government regulations in mind is key for organisations to holistically embed cybersecurity into every major business decision. The Singapore Personal Data Protection Commission (PDPC) is updating the Personal Data Protection Act to increase the responsibility of organisations in the event of data loss - via mandatory reporting and increased penalty. This brings cyber regulations to the forefront, with an increased need to invest in capabilities processes and technologies to prioritise these considerations in all business decisions.
With new cyber crimes constantly discovered and reported in the news - especially when attackers have the opportunity to get creative due to remote working (new phishing emails, social engineering attacks, hidden malware and more) with newer and more sophisticated attacks - businesses need to be ready to respond to a wide range of threats ranging from nation states and organised crime, to ‘hacktivists’ and insiders.
Post COVID-19, CISOs are likely to be involved in business decisions more than ever. To instill confidence in stakeholders, the key is to ensure that the cybersecurity function is delivering value and contributing to your firm’s overall business goals.
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PwC Malaysia’s Cyber Roundtable (Episode 3) in collaboration with ForgeRock
Mounting cybersecurity threats and attacks by increasingly sophisticated perpetrators over the past two years are prompting organisations to take a hard look at the cyber readiness of their business.
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