Three-quarters (75%) of the respondents to Accenture's new report, "Securing the Digital Economy: Reinventing the Internet for Trust," said that they believe that addressing cybersecurity challenges will require cross-industry coordination. (iStock/ALM Media archives)
Companies globally could incur $5.2 trillion in additional costs and lost revenue over the next five years due to cyberattacks, as dependency on complex internet-enabled business models outpaces the ability to introduce adequate safeguards that protect critical assets, according to a new report from Accenture, the global professional services company.
Based on a survey of more than 1,700 chief executive officers and other C-suite executives worldwide, the report titled "Securing the Digital Economy: Reinventing the Internet for Trust" explores the complexities of the internet-related challenges facing business and outlines imperatives for the chief executive officer's evolving role in technology, business architecture and governance.
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