Content thumbnail Shifting into High Gear: Mitigating Risks and Demonstrating Returns

Concerns about cyber and insider threat extend across industries. Nine out of nine industries rate the threat of external and internal cyber breaches as their top risk. This strong consistency in the perception of cyber threat is not surprising now that cyber attacks (both internal and external) are a fact of life for business, posing a dynamic, relentless challenge for leading companies. With a growing imperative to protect digital assets — not just physical ones — our respondents see FDA as playing a critical role in managing a broader spectrum of risks. Interestingly, “cyber breach or insider threat” is the second-highest risk area where 70% of respondents are using FDA. “Internal fraud” risk, an area that has long been managed using FDA, was ranked as the top use case at 77%. Figure 2. Perceived risks by industry — the percentage of respondents who have seen the increased level of risks Internal fraud (travel Cyber breach Bribery and and entertainment Capital Merger and or insider threat corruption risk abuse, collusion, etc.) projects risk acquisition risk Money laundering Financial services 74% 50% 47% 24% 25% 46% Life sciences 63% 49% 49% 42% 29% 19% Transportation 46% 46% 38% 38% 33% 29% Manufacturing 48% 35% 32% 32% 24% 18% Consumer products, retail 64% 38% 42% 35% 21% 23% and wholesale Technology, communications 55% 48% 49% 34% 29% 17% and entertainment Oil and gas 61% 52% 35% 35% 37% 19% Mining 52% 37% 30% 30% 33% 11% Power and utilities 56% 41% 34% 46% 44% 10% 8 | Global Forensic Data Analytics Survey 2016

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