Cyber security and data protection is a rapidly evolving material risk for companies, and Citi Research recently surveyed the ASX100 to assess how companies are responding to the risk.
Citi Research found that “the most common perceived risk factors impacting companies were the ability to secure and/or keep secret critical information assets (27% of respondents) and the handling of high value financial transactions or other high risk assets (22%). Respondents cited other key risk factors related to safety critical systems, critical national infrastructure, and greater than 50% of revenue coming from online transactions.”
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