An international research that KPMG carries out yearly amongst eight hundred stock market listed enterprises around the world has shown that almost 60% makes no mention in its annual report of the risks the company faces due to cybercrime. In The Bahamas that figure is 80%.
None of companies researched in The Bahamas dedicated a full paragraph or more than a paragraph to Cyber Security risks. Not surprisingly, the financial services sector was most likely to reference cyber risks, albeit only through a few sentences, inline with the larger findings.
Click here to see the digital Cyber Security Benchmark 2017. Compare industries and regions and consider the vision of KPMG on cyber in the boardroom.
© 2019 KPMG Advisory Services Ltd., a Bahamian limited company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.