THERE’S LITTLE MYSTERY about the mindset of risk, compliance, and security professionals. Data and cyber disruption have them spooked. In the 2023 Thomson Reuters Risk & Compliance Survey Report, released in October 2023, the Toronto-based information conglomerate found that 82% of risk and compliance professionals cited data and cybersecurity concerns as their organization’s greatest risk—garnering nearly twice the response of the next most significant concern. Meanwhile, PwC’s Global Crisis and Resilience Survey 2023, released by the London-based professional services firm in December 2023, found that 96% of organizations have experienced disruption in the past two years, with 76% saying the most severe disruption had a medium-to-high impact on operations.
