Strengthening cyber security while managing operational risk and compliance are two biggest priorities.
Despite undertaking measures to improve data security and privacy, 38 per cent of global organisations responding to a survey say they are still not compliant with the new general data protection regulation (GDPR) requirements.
Harvey Nash and KPMG spoke to 3,958 tech execs for their latest annual CIO survey with the worrying number of respondents saying in April that they expected not to meet the just lapsed May 25 deadline. These execs are working at organisations with a combined security spend of up to US$46 billion.
The report found that company boards are prioritising improvements in cyber security as cybercrime threats reach an all-time high, while managing operational risk and compliance is a significant priority – up 12 per cent on 2017.
CIOs have a significant balancing act in 2018, according to Bridget Gray, Asia-Pacific managing director at Harvey Nash.