There has been a lot of noise in the 'cyber' arena recently, whether that's publically with the lucky escape of Santander or internally within PwC with the various surveys that we are either facilitating, running for others or initiating ourselves.
I’ve noticed a fairly mixed corporate reaction to the BIS/MI5/GCHQ's FTSE350 survey. I’ve seen despair that it has taken this long for government to react and on the other hand, real enthusiasm that national institutions are joining forces to drive the agenda and want to take the temperature of how ‘cyber secure’ the private sector are.
And although there is certainly an element of a stable door clanging behind the exit of a galloping horse; it’s clear that the UK needs to encourage its corporate community to up their game and take a more proactive approach to defending the intellectual property (IP) of the companies operating on these shores.
Cyber security is universal to all, whether you're talking about protecting corporate IP or managing the risks to both your professional and private life. And cyber security isn’t just about technology and computers. People, information, systems, processes, culture and physical surroundings are all involved and businesses need to realise this to make sure they are moving confidently towards their digital future.
It’;s clear that companies are aware of the wider cyber issue. I have recently seen a number of our clients not only looking to run a cyber ‘health check’ on their business operations, but also looking at how they can give greater confidence to their current and future client bases through formal assurance of their cyber security.
I can't imagine that cyber security news stories will be disappearing from our morning reading anytime soon. In fact, it will surely only increase once the results of the Cyber Governance Health Check are published. And I, for one, am really looking forward to seeing what this will tell us about the current and future planned practices of our business leaders in this space.