According to a survey of executives by management consultancy PwC almost half of UK executives see a catastrophic cyberattack as their biggest risk scenario in 2023 ahead of issues like recession a new pandemic and inflation. [2] Boards and executives around the world have begun to recognize the risk states the SOES 2023 report. This is critical because once cyber defense becomes a business priority it is only a matter of time before the companies find the ways and means to implement them.
Digitization and collaborative working are increasing the vulnerability of British businesses According to PwC nine out of ten UK companies say they are now more exposed to cyber risks Whatsapp Mobile Number List due to the increasing digitization of their business processes over the past two years. Hybrid working with the help of collaboration platforms is an important part of this picture. In the SOES 2023 survey UK respondents were more vocal than their peers around the world in identifying collaboration tools and platforms as essential to their daily work 10 percentage points higher than the global average.
Still the vast majority globally describe relying on collaboration tools at least to some extent. The problem is that collaboration tools have become a new target for cyber attackers. About two-thirds of UK security professionals say working together exposes them to new threats and security vulnerabilities that urgently need to be addressed. Almost as many find that the security features built into these conferencing communication and file-sharing tools don't meet their needs.