Trends in Cybersecurity and Privacy

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1 Trends in Cybersecurity and Privacy Insights from The Global State of Information Security Survey 2016 Ottawa, Ontario April 13, 2016

2 Your speakers today David Craig Anthony Dias Canadian Insights The Global State of Information Security Survey

3 The digital world just got bigger The evolution: Technology-led innovation is transforming business models. Organizations operate in a dynamic environment that is increasingly hyper-connected and interdependent. Leading to: Traditional threats are manifesting increasingly through digital channels. Benefits of same technological advances are being exploited by an increasing number of global cyber adversaries. Adversaries are actively targeting critical assets throughout the ecosystem. Data is distributed and disbursed, increasing the potential for loss and exposure. Canadian Insights The Global State of Information Security Survey

4 Canadian insights Canadian Insights The Global State of Information Security Survey

5 Methodology The Global State of Information Security Survey 2016, a worldwide study by, CIO and CSO, was conducted online from May 7, 2015 to June 12, Readers of CSO and CIO and clients of from 127 countries 37% respondents from North America, 30% from Europe, 16% from Asia Pacific, 14% from South America and 3% from the Middle East and Africa Canadian Insights The Global State of Information Security Survey

6 The Global State of Information Security Survey , Respondents 51% C-suite level 15% Director level 34% Other (e.g. Manager, Analyst, etc.) 39% Business and 61% IT (18% increase compared to 2014) Industries represented Top 5 22% Technology 10% Financial Services 8% Consulting/Prof. Services 7% Engineering/ Construction 7% Consumer Products & Retail Reported annual revenues 34% at least US$1B 48% US$25 to $999M 26% less than US$100M 3% non-profit Canadian Insights The Global State of Information Security Survey

7 Profile of Canadian respondents Respondents 35% C-suite level 25% Director level 40% Other (e.g. Manager, Analyst, etc.) 34% Business and 66% IT (17% increase compared to 2014) Industries represented Top 5 19% Technology 12% Financial Services 9% Engineering/ Construction 9% Government Services 8% Agriculture Reported annual revenues 31% at least US$1B 52% $25 to US$999M 21% less than US$100M 4% non-profit Canadian Insights The Global State of Information Security Survey

8 Top 4 global cybersecurity trends 1 Global instability: Cybersecurity as a top strategic priority 4 Technology as a tool: Risks and opportunities 2 Rise of statedirected capitalism: New threats and actors 3 Competition for resources: Talent is key Canadian Insights The Global State of Information Security Survey

9 Organizations today face four main types of cyber adversaries Adversary motives and tactics evolve as business strategies change and business activities are executed; crown jewels must be identified and their protection prioritized, monitored and adjusted accordingly. Adversary Motives Targets Impact Nation state Military, economic or political advantage Trade secrets Sensitive business information Emerging technologies Critical infrastructure Loss of competitive advantage Disruption to critical infrastructure Organized crime Immediate financial gain Collect information for future financial gains Financial / payment systems Personally Identifiable Information Payment Card Information Protected Health Information Costly regulatory inquiries and penalties Consumer and shareholder lawsuits Loss of consumer confidence Hacktivists Influence political and /or social change Pressure business to change their practices Corporate secrets Sensitive business information Information related to key executives, employees, customers & business partners Disruption of business activities Brand and reputation Loss of consumer confidence Insiders & Former Insiders Personal advantage, monetary gain Professional revenge Bribery or coercion Critical infrastructure Operational technologies Highly visible venues Destabilize, disrupt, and destroy physical and logical assets Canadian Insights The Global State of Information Security Survey

10 2016 Canadian insights at a glance 160% increase in detected incidents in Canada (over 2014) Incidents attributed to foreign nation-states increased the most ( up 67% over 2014) while employees continue to be the most cited source of incidents (66%) Customer records continue to be the most targeted data (36%) Attacks on IoT devices and systems are on the rise Security spending increased by 82% over 2014, currently at 5% of IT spend Average financial loss due to detected incidents is $1M (18% decrease from 2014) Canadian Insights The Global State of Information Security Survey

11 Board participation in cybersecurity programs continues to grow Board participation in cybersecurity Security budget Overall security strategy Security policies 25% 50% 40% 46% 38% 40% 42% 45% 25% 37% 36% 41% Security technologies Review of security & privacy risks % 36% 30% 37% 25% 34% 25% 32% Canadian Insights The Global State of Information Security Survey

12 Organizations are investing in core safeguards to better defend their ecosystems against evolving threats 65% 58% Have an overall information security strategy 50% 54% Have a CISO in charge of security Employee training and awareness programs 57% 53% 50% 49% Conduct threat assessments 55% 52% Have security baselines / standards for third parties 54% 48% Active monitoring analysis of security intelligence Canadian Insights The Global State of Information Security Survey

13 Public sector insights Canadian Insights The Global State of Information Security Survey

14 2016 public sector insights at a glance 137% increase in detected incidents in Canada (over 2014) Incidents attributed to service providers increased the most while employees continue to be the most cited source of incidents Citizen and employee records continue to be the most targeted data Security spending increased by 23% over 2014, currently at 5% of IT spend Estimated financial losses increased 27% over last year Public Sector Insights The Global State of Information Security Survey

15 Public sector organizations are also investing in new and innovative safeguards 56 % Use cloud-based cybersecurity services 92 % of respondents used risk-based security frameworks 44 % of respondents use big data analytics for cybersecurity 62 % of respondents formally collaborate with others in on cybersecurity of respondents have purchased cybersecurity 46 % insurance Public Sector Insights The Global State of Information Security Survey

16 Top five priorities for public sector agencies 1 24/7 monitoring for incidents 2 Enhancing cybersecurity with cloud computing Making mobile devices more secure Better ways to manage access Compliance is key Public Sector Insights The Global State of Information Security Survey

17 Internal Audit Messaging Canadian Insights The Global State of Information Security Survey

18 Emerging issues in regulation Mandatory breach notification Insider Risk Program maturity Collaboration with others Privacy Canadian Insights The Global State of Information Security Survey

19 Key messages for Audit Professionals Keep a Risk focus, and monitor maturity improvement Cybersecurity & Privacy are business issues - avoid the technology trap Internal Audit Expand your network collaboration extends to audit as well Talent issues recruitment, retention, training, certifications, engagement now more critical Canadian Insights The Global State of Information Security Survey

20 What are the areas of Audit Committees focus? 1. Data (what, where, who) 2. Insiders (current & former) 3. Third Parties (connected 3rd parties) 4. Incident Response Plans (written, rehearsed, collaboration partners) Canadian Insights The Global State of Information Security Survey

21 For more information, please contact: David Craig, Partner, Risk Assurance Anthony Dias, Partner, Risk Assurance Visit to explore the data further. The Global State of Information Security is a registered trademark of International Data Group, Inc PricewaterhouseCoopers LLP, an Ontario limited liability partnership. All rights reserved. refers to the Canadian member firm, and may sometimes refer to the network. Each member firm is a separate legal entity. Please see for further details. The content of this presentation is for general information purposes only, and should not be used as a substitute for consultation with professional advisers. Canadian Insights The Global State of Information Security Survey

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