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Posted on Feb 23, 2021

Simplifying cybersecurity
Have our institutions become too complex to secure?
Richard Horne©
UK Cybersecurity Chair, PwC United Kingdom
Sean Joyce©
Global & US Cybersecurity & Privacy Leader, PwC United States

At a recent board meeting, the CIO of a major global corporation led a wide-ranging discussion about the tools and practices needed to fortify the company’s data and systems against breaches. The board encouraged heightened investment and vigilance, then moved on to its next agenda item, a financial committee presentation leading to a board vote on acquiring shares to consolidate ownership in an enterprise in which the company held a minority stake. To the surprise of the CIO, who was still in the room, there was no discussion of cybersecurity, even though the acquiree was operating in a region where cyberbreaches and criminal hacking were endemic. Happily, the CIO’s fortuitous presence enabled a proper discussion of the impact of the decision on the company’s cyber risk profile, and a change in the acquisition approach aimed at bringing the acquiree more fully into the corporation’s IT and operational infrastructure.
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