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Fight the good fight: Three lines of cyber defense working arm-in-arm

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In a recent Deloitte poll of more than 1,130 C-suite and other executives, 62.7 percent expect board of director requests for reporting on cybersecurity program effectiveness to increase in the next 12 months. A slightly lower 57.3 percent of executives expect increased cybersecurity regulatory scrutiny during the same period.

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Fight the good fight: Three lines of cyber defense working arm-in-arm

  1. 1. Fight the good fight: Three lines of cyber defense working arm-in-arm Deloitte poll results from February 2018
  2. 2. Fight the good fight: Three lines of cyber defense working arm-in-arm Copyright © 2018 Deloitte Development LLC. All rights reserved. 2 Methodology C-suite and other executives participated in a Deloitte Dbriefs webcast, titled “Fight the good fight: Three lines of cyber defense working arm-in-arm,” on Feb. 22, 2018 about the role of any organization’s three lines of defense in cybersecurity. Respondents largely work in the financial services (29.1 percent), consumer and industrial products (26.9 percent) and technology, media and telecommunications (16.6 percent) industries. Answer rates differed by question. 1,130+ Fight the good fight: Three lines of cyber defense working arm-in-arm 2
  3. 3. Fight the good fight: Three lines of cyber defense working arm-in-arm Copyright © 2018 Deloitte Development LLC. All rights reserved. 3 All C-suite and exec votes Consumer & Industrial Products Energy & Resources Financial Services Life Sciences / Health Care Technology, Media & Telecomm Do you expect your organization’s board to request more cybersecurity risk management effectiveness reporting in the next 12 months?(By Industry) 62.7% 57.4% 57.1% 69.9% 71.8% 66.3% 14.6% 11.7% 9.7% 28.6% 18.9% 15.2% Yes No Votes received: 1,267 overall; 1,064 for industries shown Don’t know / Not Applicable = 22% all; 23.7% C&IP; 14.3% E&R; 20.3% FSI; 16.5% LSHC; 19% TMT
  4. 4. Fight the good fight: Three lines of cyber defense working arm-in-arm Copyright © 2018 Deloitte Development LLC. All rights reserved. 4 To whom does your organization’s Chief Information Security Officer (CISO) report? CISO 25.4% CEO 9.7% Chief Compliance Officer or Chief Risk Officer 28.5% CIO 3% Chief Legal Officer Votes received: 1,354 Not Applicable = 20.5% 12.9% Do not know
  5. 5. Fight the good fight: Three lines of cyber defense working arm-in-arm Copyright © 2018 Deloitte Development LLC. All rights reserved. 5 How confident are you in the effectiveness of your organization’s current cybersecurity program? (By Industry) Not ConfidentSomewhat ConfidentHighly Confident All C-suite and exec votes Consumer & Industrial Products Energy & Resources Financial Services Life Sciences / Health Care Technology, Media & Telecomm 16.7% 57.4% 11.9% 16.6% 13.4% 11.4% 5.6% 22.2% 13% 14.3% 25.4% 7.1% 11.8% 16.6% 14.7% 15.2% 6.1% 15.2% Votes received: 1,274 overall; 1,064 for industries shown Don’t know / Not Applicable = 14.1% all; 58.6% C&IP; 59.3% E&R; 53.1% FSI; 63.6% LSHC; 56.9% TMT
  6. 6. Fight the good fight: Three lines of cyber defense working arm-in-arm Copyright © 2018 Deloitte Development LLC. All rights reserved. 6 Do you expect US regulatory scrutiny of corporate cybersecurity programs to change in the next 12 months? (By Industry) Yes - Increase No Change Yes - Decrease 3.9% 22.8% 57.3% 3.2% 27.2% 53.5% 3.8% 21.2% 55.8% 2.7% 14.4% 69.5% 3.2% 31.6% 51.6% 6.1% 22.3% 54.3% Votes received: 1,218 overall; 1,020 for industries shown Don’t know / Not Applicable = 15.9% all; 16.1% C&IP; 19.2% E&R; 13.5% FSI; 13.7% LSHC; 17.3% TMT All C-suite and exec votes Consumer & Industrial Products Energy & Resources Financial Services Life sciences / Health care Technology, Media & Telecomm
  7. 7. Fight the good fight: Three lines of cyber defense working arm-in-arm Copyright © 2018 Deloitte Development LLC. All rights reserved. 7 Will your organization adopt the AICPA’s SOC for Cybersecurity risk management reporting framework in the next 12 months? Yes, we are currently conducting an enterprise-wide readiness assessment Yes, we are currently working toward adoption No, but we plan to No, and we do not plan to 5.6% 13.6% 13.1% 17.0% Yes, in next 12 months 19.2% Yes, at some point 32.3% Votes received: 1,131 Don’t know / Not Applicable = 50.8%
  8. 8. Fight the good fight: Three lines of cyber defense working arm-in-arm Copyright © 2018 Deloitte Development LLC. All rights reserved. 8 Media contact Lauren Hallman Public Relations Deloitte Services LP lahallman@deloitte.com Shelley Pfaendler Public Relations Deloitte Services LP spfaendler@deloitte.com Full press release available on Deloitte.com Fight the good fight: Three lines of cyber defense working arm-in-arm 8
  9. 9. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.. Copyright © 2018 Deloitte Development LLC. All rights reserved. The statements in this report reflect the aggregation of poll responses and are not intended to reflect facts or opinions of any entities. All data, charts and statistics referenced and presented, as well as the representations made and opinions expressed, unless specifically described otherwise, pertain only to the participants and their responses to the Deloitte poll. The information obtained during the poll was taken “as is” and was not validated or confirmed by Deloitte. This presentation contains general information only and Deloitte is not, by means of this presentation, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This presentation is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person who relies on this presentation.

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