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Around 57 percent of healthcare respondents said that they include cyber and privacy management in their digital transformation “fully from the start.”
More than one-quarter of healthcare executives are comfortable that their organization provides the board with adequate reporting on metrics for cyber and privacy risk management.
According to a PwC survey of business executives conducted in 2019, 25 percent of healthcare respondents are identified as trailblazers, those who are outperforming their peers in digital initiatives and security overall.
At the same time, fewer than two-thirds healthcare respondents (61 percent) said their organization receives significant value from its cybersecurity team.
Only 29 percent of healthcare respondents “strongly agree” their cybersecurity team is conversant with its business strategy and has a cybersecurity strategy that supports business imperatives, according to the 2019 data.
Most Firms Include Security, Privacy in Transformation Projects
Across industries, around 90 percent of respondents said they include security and privacy personnel as stakeholders in digital transformation projects, according to the 2018 data.
A similar percentage said they include proactive management of cyber and privacy risks by design in their digital transformation plan and budget.
However, only 53 percent of respondents said that proactive risk management measures are included in the project from the start.
The survey also found that many companies don’t have employees filling key security and privacy roles, such as chief information security officer, chief security officer, chief privacy officer, chief risk officer and chief data officer.
Only one-third of respondents said that their organization has an employee security awareness and training program, and fewer than one-third said their organization requires employee training on privacy policies and practices.
More than 80 percent of respondents said that their organization has provided the board with strategies for cybersecurity and privacy. Many of those same companies might have concerns about their internal reporting on cybersecurity and privacy metrics.
Only 27 percent of respondents said that they are “very comfortable” that their company is providing the board with adequate reporting on cyber and privacy risk management metrics.
Some To Invest in Aligning Business Goals with IT Security Strategy
Around one-quarter of respondents to the 2018 survey said they plan to invest in aligning business objectives with IT security strategy over the next year.
Close to one-half of respondents from companies worth more than $100 million are investing significantly in data governance, creating transparency in the data use and storage, and increasing individual control of data.
About half of respondents in medium and large businesses in key sectors said they are building resilience to cyberattacks and other cyber events. Fewer than half of them said they are comfortable their business has adequately tested its resistance to cyberattacks.
Only 31 percent of respondents said they are “very comfortable” that their company has identified those parties that might attack its digital assets.
Respondents identified the following top digital compliance and ethics challenges: staying aware of the latest regulatory developments (41 percent), complying with current regulations (37 percent), and preparing for future regulations (34 percent).
Across industries, 81 percent of respondents said that IoT is critical to at least some of their business. Only 39 percent said they are “very confident” they are building enough data security and privacy into their IoT adoption. Just three in ten respondents cited IoT security as among the safeguards they plan to invest in this year.
More than two-thirds of respondents said that artificial intelligence (AI) is critical to at least some of their business, but fewer than one-third are “very comfortable” they are building enough data security and privacy controls into their AI adoption.
*This article was updated to clarify that the statistics are taken from two surveys, one conduced in 2018 and one in 2019.
