McKinsey report on information safety at organizations

In the past year, McKinsey, one of the largest consulting companies in the world, collaborated with the World Economic Forum in a research on information safety at both public and private organizations. In the report that was just published, it focused on the impacts of cyber attacks on the operational strategies of organizations, and provided a list of recommended procedures to improve organizations’ resilience to such risk. Further, the report provided a glimpse into how different sectors perceived the role played by regulations in this matter. While many agree that organizations should not be left alone in fending for themselves, opinions split on the value of regulations on cyber security. Whereas health and insurance professionals were more likely to hold a positive view on regulations, as they forced management to devote more resources into compliance, financial institutions were more likely to consider such policies as harmful and would even undermine their effort to safeguard information.

Full article and report can be found at:

http://www.mckinsey.com/insights/business_technology/risk_and_responsibility_in_a_hyperconnected_world_implications_for_enterprises