The New Kids On The Block: Data Protection Officers

The New Kids On The Block: Data Protection Officers

Data Protection Officers The General Data Protection Regulation (GDPR) is officially here. Yet, organizations are still unaware, are ignoring, or flat out didn’t build in enough time to make sure they met all mandates of this expansive and impactful regulation. One of the lesser well-known
Cohort Analysis in the Age of Digital Twins

Cohort Analysis in the Age of Digital Twins

To be actionable, Big Data and Data Science must get down to the level of the individual - whether the individual is a customer, physician, patient, teacher, student, coach, athlete, technician, mechanic or engineer. This is the “Power of One.” By applying data science to

A potential recession is on the minds of U.S. corporate executives, according to new research. But do you know what worries them even more? Cybersecurity.

The C-Suite Challenge 2019 study by think tank The Conference Board reveals that American CEOs rank cybersecurity as their biggest “external concern” for 2019. It outranks recession fears, which took third place behind new competitors. It also matches a finding by the World Economic Forum that cyber attacks are the top risk of doing business in North America.

Globally, recession fears top the list of external business concerns. This is a significant change from last year, when recession concerns ranked 19th.

However, in the United States, where consumers are still feeling the sting of the massive Equifax breach of 2017, cybersecurity concerns are top of mind. Other high-profile cybersecurity attacks against household-name brands such as Under Armour, Marriot, Facebook and Yahoo also have delivered sobering reminders that anyone can fall victim to cybercrime.

Different Regions, Different Fears

The report was based on a poll of about 800 CEOs and 600 other C-suite executives in the United States, Asia and Europe. “Participants weighed in on the top business challenges facing their organizations in both the year ahead and well into the future, and their strategies for meeting those challenges,” according to a news release.

The findings indicate that how CEOs prioritize their business challenges is influenced by geography. While cybersecurity is the top concern for U.S. executives, it ranks considerably lower in China, at number 10. Threats to global trade ranked second worldwide, as well as in China, but came in fourth in the U.S.

Compliance with privacy regulations ranks 12th for U.S. CEOs and 13th in Japan and China. In Europe, where the restrictive General Data Protection Regulation (GDPR) went into effect in May 2018, the concern ranked higher, at number 8.

Recruiting Challenges

While U.S. executives and their counterparts worldwide disagree on the top external business concern, they are of one mind regarding their biggest internal challenge – recruiting and retaining talent. This should come as no surprise as global competition increases and the pool of available talent shrinks, said Rebecca Ray, Ph.D., a report author and the Executive Vice President of Human Capital at The Conference Board.

“Moreover, [CEOs] think talent shortages will only intensify beyond 2019, which underscores why organizations should constantly reexamine how they’re attracting and retaining their best and brightest,” she said.

One area where talent is particularly scarce is cybersecurity, which is experiencing a shortage of nearly 3 million workers, according to (ISC)2 research. That number includes 500,000 in North America and 2.14 million in Asia-Pacific.

This internal challenge surely contributes to the top external concern of U.S. CEOs. If recruiting and retaining cybersecurity talent is a major concern, it stands to reason that cybersecurity itself is just as much of a worry. That being the case, this concern won’t go away anytime soon, since it will take years to resolve the skills shortage.

Source: (ISC)2

CloudBuzz

The latest in curated technology related news from around the globe. Sources are identified and reviewed each day before approval and publication. Content is source credited with full ​attribution. We do not accept submitted press releases outside of our curated process at this time.

Canadians Would Warm to Open Banking with Assurance of Increased Security

Canadians Would Warm to Open Banking with Assurance of Increased Security

TORONTO; April 17, 2019 – Open banking technology is poised to change the way the world completes transactions, but three quarters (75 per cent) of Canadians say they are wary of the concept, citing concerns ...
Introducing Mozilla WebThings - Open platform for monitoring and controlling devices

Introducing Mozilla WebThings – Open platform for monitoring and controlling devices

The Mozilla IoT team is excited to announce that after two years of development and seven quarterly software updates that have generated significant interest from the developer & maker community, Project Things is graduating from ...
EU approves tougher EU copyright rules in blow to Google, Facebook

EU approves tougher EU copyright rules in blow to Google, Facebook

BRUSSELS (Reuters) - Google will have to pay publishers for news snippets and Facebook filter out protected content under new copyright rules aimed at ensuring fair compensation for the European Union’s $1 trillion creative industries ...