PwC Digital Trust Insights Survey Identifies 10 Opportunities for Businesses to Build Digital Trust

Originally Published by PwC.

Increasingly technologically-driven and interconnected business community, companies have the responsibility to take the necessary steps to manage digital risk. Despite the importance of protecting against cybersecurity threats, PwC’s Digital Trust Insights survey has found that businesses of all sizes are equally unprepared to address these threats and protect themselves and their customers.


Digital Trust Insights is the reimagination of the Global State of Information Security Survey (GSISS), a worldwide study by PwC which for 20 years has served as a trusted resource to navigate the turbulent cyber risk landscape. This year’s survey presents the views of 3,000 business leaders across 81 territories and a range of industry sectors.

Among key findings from the report:

  • Only 53% of businesses practice proactive risk management “fully from the start” of their digital transformations.
  • Only a small minority of companies (23%) even at the +$100M level, say they plan to align security precautions to business objectives.
  • Just 27% of execs believe their board receives adequate metrics for cyber and privacy risk management.
  • Fewer than half of +$100M companies in key sectors worldwide say that they are fully ready to comply with the General Data Protection Regulation, which went into effect in May 2018.

Confidence in people, processes and technology is critical to building a secure digital world. More than just mitigating risk, companies must thoroughly integrate and align cybersecurity concerns into their business strategy. Companies can gain a competitive advantage by becoming trusted providers in terms of safety, security, reliability, privacy, and data ethics.

Sean Joyce, US Cybersecurity and Privacy Leader, PwC comments:

“Cyber risk priorities have evolved from focusing on information security to a more holistic focus on digital risk management. Our Digital Trust Insights explores how leaders can meet tomorrow’s challenges. Companies that show the connected world how to lead on safety, security, reliability, data privacy, and ethics will be the titans of tomorrow.”

Distilling insights from 3,000 business leaders across 81 territories, the Digital Trust Insights survey breaks down the mechanisms that companies need to build digital trust in an evolving cyber risk landscape – and identifies 10 opportunities to improve security and privacy and build consumer trust.

1) Engage security experts at the start of digital transformations

2) Upgrade your talent and leadership team

3) Raise workforce awareness and accountability

4) Improve communications and engagement with the board of directors

5) Tie security to business goals

6) Build lasting trust around data

7) Boost cyber resilience

8) Know thy enemies

9) Be proactive in compliance

10) Keep pace with innovation

The full report is available at https://www.pwc.com/us/digitaltrustinsights.

Latest News

Hershey Employees and Retirees in the US and Canada Pledged More Than $900,000 in 2021 To Support Nonprofit Organizations

Originally published on LinkedIn. The Hershey Company ranked No. 10 on The DiversityInc Top 50 Companies for Diversity list in 2021.    Each year, our Season of Giving campaign encourages Hershey employees to make a difference by supporting nonprofit organizations which they find to be meaningful. Employees and retirees in…

Creating Windows and Mirrors: Hershey’s Amber Murayi on Diversity, Equity and Inclusion at the ‘World’s Top Female-Friendly Company’

Amber Murayi is the Hershey Company’s Senior Director of Enterprise Strategy & Business Model Innovation & Co-lead of the Women’s Business Resource Group. The Hershey Company ranked No. 10 on The DiversityInc Top 50 Companies for Diversity list in 2021.    My position affords me a unique view of DEI…

Author Alice Sebold

Author Alice Sebold Apologizes for Her Role in the Wrongful Conviction of the Black Man Charged With Raping Her

In her acclaimed 1999 memoir Lucky, author Alice Sebold told the story of being raped in 1981 when she was a student at Syracuse University. The case resulted in a Black man named Anthony Broadwater being convicted and sent to prison. Sadly, Broadwater was innocent and wrongfully convicted — and…

Black renters

New Study Reveals Landlords Consistently Discriminate Against Potential Renters With Black or Hispanic ‘Sounding’ Names

In the largest study of its kind ever conducted, researchers with the National Bureau of Economic Research have uncovered what many people of color already know when hunting for an apartment or home: most landlords consistently discriminate or harbor bias against non-white individuals looking to rent their property.  Bloomberg’s Kelsey…

book banning

American Library Association Documents 155 Attempts at Banning Books About POC or LGBTQ Issues in the Last 6 Months

In a depressing turn for anyone who thought society may have outgrown book burning or censorship of books over the last 100 years, it appears the hate-filled phenomenon is back on the rise, increasing with alarming frequency across the country. CNN’s Nicole Chavez has reported the American Library Association “has…