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Accenture Security CG&S Cyber Resilience

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Decades of mergers and acquisitions have taken their toll on security maturity, making it inconsistent. Read how you can achieve cyber resilience in soncumer goods and services.

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Accenture Security CG&S Cyber Resilience

  1. 1. ACHIEVING CYBER RESILIENCE IN CONSUMER GOODS AND SERVICES CONSPICUOUS SECURITY CONSUMPTION
  2. 2. Copyright © 2018 Accenture. All rights reserved. 2 CISOs in CG&S companies need to address new threats from across the value chain in: • Product development • Manufacturing • Supply chain • Customer operations Inconsistent security maturity Decades of M&A have taken their toll of CG&S executives said that “cyberattacks are a bit of a black box, we do not quite know how or when they will affect our organization.” 70%
  3. 3. Copyright © 2018 Accenture. All rights reserved. 3 Build a business that is secure by design Security technologies identified had a negative value gap where the percentage spending level is higher than the relative value to the business.* 5/9 CG&S companies are under pressure because: • Spending priorities show that investments are misdirected toward security capabilities that fail to deliver efficiency and effectiveness • Security executives do not have the visibility into the non-IT asset landscape or the authority to impact risk outcomes in these areas of the business
  4. 4. Copyright © 2018 Accenture. All rights reserved. 4 Three areas that can positively impact the CG&S risk posture include: Secure the journey to cloud Build trust in direct-to-customer initiatives Manage operational technology risk
  5. 5. Copyright © 2018 Accenture. All rights reserved. 5 Secure the journey to the cloud of CG&S companies identified “better security” as a benefit to be gained from cloud migration. 53% To reduce costs, many CG&S companies are moving to the cloud. It offers an opportunity to: • Re-examine the business—especially applications, infrastructure, operations and development processes • Prioritize security around core assets • “Design in” a control structure to mitigate risks
  6. 6. Copyright © 2018 Accenture. All rights reserved. 6 Build trust in direct-to-consumer initiatives of security breaches experienced by CG&S organizations have been linked with customer data in the last 12 months. 50% A customer facing, data-driven strategy can better inform the business. It offers an opportunity to: • Introduce cybersecurity early on in the process to proactively mitigate risk • Influence consumers’ purchasing decisions through improved digital trust and privacy • Be better prepared for regulatory demands
  7. 7. Copyright © 2018 Accenture. All rights reserved. 7 Manage operational technology risk of CG&S executives said that they had suffered interruption of physical operations/shutdown of assets as a result of a breach. 43% As OT networks become less isolated from IT networks, so their vulnerabilities grow. Issues include: • A lack of security accountability • Inconsistent security processes • Inconsistent technical controls • Incomplete asset visibility
  8. 8. Copyright © 2018 Accenture. All rights reserved. 8 The nature of cyberattacks is shifting of CG&S executives think they are protecting their physical infrastructures/assets with their cybersecurity strategy. ONLY 26% Source: The untold story of NotPetya the most devastating attack in cyber history, Wired, August 22, 2018. https://www.wired.com/story/notpetya-cyberattack-ukraine-russia-code-crashed-the-world/ In 2017, malware Petya had a significant financial impact. Sample losses include: US$129M British manufacturer US$188M Global Snack company
  9. 9. Copyright © 2018 Accenture. All rights reserved. 9 Security is everyone’s business of CG&S executives say that cybersecurity budget authorization is with the CEO/Executive Committee, more than the global average. 34% of CG&S executives recognize they need to improve on cyber threat analytics and 46% on security monitoring—the “basics” of security programs. 50% A cultural mind-set shift is required so that: • CISOs can become trusted business partners • Business leaders responsible for funding can better understand security priorities • Security can be a business and revenue enabler as well as driving out risk
  10. 10. Copyright © 2018 Accenture Security. All rights reserved. 10 Put Security First Actions to achieve cyber resilience 01 02 03 Organize security around business outcomes Identify your “crown jewels” Invest appropriately to tackle security hygiene Introduce mandatory security checkpoints in the development or engineering, procurement and budgeting processes to anticipate new risks. Understand and account for existing assets across the organization and determine risk-based priorities. Become brilliant at the basics by tackling security hygiene and risk management programs. 04 Institutionalize security practices Embed security disciplines that address today’s needs and have the potential to serve tomorrow’s demands.
  11. 11. Copyright © 2018 Accenture. All rights reserved. 11 About the research 11 410 Consumer Goods & Services respondents 93 Companies with revenues >US$10 bn Survey Respondents • Chief Information Officer • Chief Security Officer • Chief Compliance Officer • Chief Risk Officer • Corporate Security Officer Australia | Brazil | Canada | France Germany | Ireland | Italy | Japan Netherlands | Norway | Singapore Spain | United Arab Emirates United Kingdom | United States 15 Countries: Survey conducted 2018
  12. 12. 12 Read the full report: www.accenture.com/cgs-cyber-resilience About Accenture Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions—underpinned by the world’s largest delivery network—Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 459,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com. Stay Connected Note: Unless otherwise stated, the statistics in this point of view represent retail respondents in the survey report “Gaining ground on the attacker: 2018 State of Cyber Resilience,” Accenture 2018. *Source: 2017 Cost of Cybercrime Study, Accenture and the Ponemon Institute Copyright © 2018 Accenture. All rights reserved. Accenture, its logo, and New Applied Now are trademarks of Accenture. /showcase/accenture-consumer-goods /showcase/accentureconsulting @AccentureCPG @AccentureConslt

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