Governance & Risk Management

The Impact of COVID-19 on Cybersecurity Strategies

Joe Nocera and Vikas Agarwal Analyze PwC Survey Findings
Joe Nocera & Vikas Agarwal, partners at PwC

The 2021 PwC Global Digital Trust Insights survey shows 96% of businesses will adjust their cybersecurity strategy as a result of the COVID-19 pandemic. Joe Nocera and Vikas Agarwal of PwC offer an analysis.

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“I can't remember any survey we've ever done where you had 96% of the respondents agreeing ... that they were planning to adjust their strategy,” Nocera says.

Half of all organizations surveyed for the report are now more likely to consider cybersecurity in every business decision, and 44% are implementing new processes for cybersecurity budgeting.

In a video interview with Information Security Media Group, Nocera and Agarwal discuss:

  • Key findings of the 2021 PwC Global Digital Trust Insights survey;
  • Analysis of the changing threat landscape;
  • Advice for CISOs based on the survey findings.

Nocera leads the PwC Cyber & Privacy Innovation Institute. His experiences range from IT auditing to large-scale systems implementation. He has significant experience in assisting organizations meet regulatory demands.

Agarwal is PwC’s financial crime unit leader and financial services digital product leader as well as a partner in PwC’s U.S. financial services advisory practice. He helps clients develop integrated technology solutions that create, test and monitor risk and regulatory controls effectively and efficiently.


About the Author

Nick Holland

Nick Holland

Director, Editorial

Holland, an experienced security analyst, has spent the last decade focusing on the intersection of digital banking, payments and security technologies. He has spoken at a variety of conferences and events, including Mobile World Congress, Money2020, Next Bank and SXSW, and has been quoted by The Wall Street Journal, CNN Money, MSNBC, NPR, Forbes, Fortune, BusinessWeek, Time Magazine, The Economist and the Financial Times. He holds an MSc degree in information systems management from the University of Stirling, Scotland.




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