Looking Glass Report 2020

39

Section 3 – Technology and innovation

G C – P E R C E I V E D T E C H N O L O G Y R I S K A N D P R E P A R E D N E S S

B O A R D – P E R C E I V E D T E C H N O L O G Y R I S K A N D P R E P A R E D N E S S

74 % 59 %

68 % 62 %

71 % 65 %

71 % 59 %

Cyberattacks

Cyberattacks

Data privacy breaches

Data privacy breaches

60 % 33 %

62 % 51 %

53 % 65 %

53 % 59 %

Complexity of systems

Complexity of systems

IT systems failure

IT systems failure

58 % 38 %

47 % 50 %

55 % 33 %

59 % 65 %

Cost of technology investment

Use of old systems

Cost of technology investment

Use of old systems

41 % 18 %

24 % 29 %

45 % 32 %

36 % 30 %

Lack of internal technical talent

Vulnerabilities caused by transitioning to new technologies

Lack of internal technical talent

Vulnerabilities caused by transitioning to new technologies

29 % 29 %

31 % 25 %

30 % 7%

18 % 24 %

Disruptive digital competitors entering sector

Cost of retraining employees

Disruptive digital competitors entering sector

Cost of retraining employees

Risk Preparedness

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