The senior manager, consulting and risk services at PwC Ghana, Clement Yayra Tettey has advised businesses to step up their effort in educating their staff on cyber security.
In PwC’s 27th annual global CEO survey, CEOs identified cyber risks as the third highest threat their companies face, coming behind inflation and macroeconomic volatility
Additionally, cyber risk is the only threat out of seven that CEOs admit to feeling an increase in their businesses’ exposure from 2023 to 2024.
Invest more in cyber security
Speaking on the sidelines of a forum on the theme “Leadership Strategies for Cyber Resilience and Growth.” in Accra on Wednesday(30 October), Tettey advised businesses to increase their investment in cyber security to enhance their sustainability.
”We’ve realized that most of these organizations are actually lagging behind when it comes to cybersecurity. Hence, we are trying as much as possible to bridge the gap between business and the technical executive.
”So we would advise that they actually carry out more security awareness for their staff, put in certain security baseline measures like what the Cyber Security Authority has actually put in place as a baseline.”
”So we actually think that businesses should put in much more effort. Technical executives should be given a seat at the table. We also think that there should be more investment in in the cybersecurity space. We know that they are actually investing a bit more than before. However, we think that if they do invest more,” Tettey said.
Forum
The forum delved into the escalating complexity and frequency of cyberattacks, and the compelling need for organisations to prioritise building robust cybersecurity postures beyond mere risk mitigation.
It brought together industry experts and key stakeholders in the financial services, power, and telecommunications industries as well as regulators, to discuss cybersecurity risks plaguing these sectors.
It also created the platform for industry experts to share their insights and forge strategic alliances with stakeholders including chief technical officers, chief information security officers, chief financial officers, and top leaders responsible for cybersecurity strategy and governance, seeking actionable guidance for proven strategies for enhancing organisational resilience within the industry in Ghana.
Below is a video clip of the forum:
