Cybersecurity control failures listed as top emerging risk

Cybersecurity control failures was listed as the top emerging risk in 1Q21 in a global poll of 165 senior executives across function and geography, according to Gartner.

 

Despite a myriad of risks resulting from the pandemic, such as the new work environment and environmental, social and governance (ESG) concerns, cybersecurity risk was singled out with notable consistency across all geographic regions and most industries, cited by 67% of respondents. The next highest cited risk, “the new working model” was cited by 43% of respondents.

 

“Many organizations were forced to implement quick fixes to serious operational gaps as a result of their initial pandemic responses,” said Matt Shinkman, VP with the Gartner Risk and Audit Practice.

 

“Nowhere has that been more apparent than in cybersecurity policies that have prioritized on-premises security over secure remote work access. Executives responsible for these areas are realizing that the time to enact more sustainable and robust policies is now.”

 

Internal risks related to a company’s operational and cultural capacities continued to be most pressing to the executives polled and made up the top five emerging risks selected in 1Q21, despite no reprieve from external risks including navigating an uneven global vaccine rollout, added ESG regulatory requirements and looming potential changes to the corporate tax environment.

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