According to Accenture’s latest Pulse of Change Asia Pacific Quarterly Outlook, when it comes to cybersecurity,APAC CXOs are most concerned about third party risks such as cyber threats targeting their supply chains.
They are also concerned that cyber criminals are getting closer to using quantum computing to crack the most common encryption methods used to secure our digital data, and they worry about the impact of deepfakes.
Top 5 concerns of CXOs in APAC
- 3rd-party risk (i.e. supply chain threats)
- Malware / Ransomware
- Widespread system outages
- Future quantum threats
- Deepfakes
These are the findings of a global survey conducted by Accenture on a quarterly basis among 2,800 C-Suite executives (CEOs, CFOs, CHROs, CMOs, etc.) across 18 countries and 22 industries. The survey includes roughly 700 executives from large enterprises across APAC including Australia, China, India, Japan and Singapore. Data for this edition was collected between July and September 2024.
The survey also found that CXO’s feel less prepared than their global peers. Less than half or 48% in APAC said they felt completely prepared to defend themselves, compared to 57% in Europe and 54% in North America.
Lack of cybersecurity is a real business risk, impacting an organization’s reputation and brand, business continuity, and economics – and the threat landscape continues to increase with technology like generative AI making it easier for criminals to design and execute new types of attacks more frequently.
It’s not an easy solve—organizations need a multi-dimensional approach to tackling the challenge which spans building the right mindset, skills, and using technology including generative AI to tackle the issue.
