Accenture High Performance Security Report 2016 for Insurance

ACCENTURE
HIGH PERFORMANCE
SECURITY REPORT 2016
FOR INSURANCE

Copyright © 2016 Accenture. All Rights Reserved. 2
SECURE THE ENTERPRISE
of large enterprise
security executives have
confidence in their cyber
security strategies
of organizations have
completely embedded
cybersecurity into their
cultures

FAILURE RATES ARE ALARMINGLY HIGH
THOUSANDS to MILLIONS
of random breach attempts per week
MORE THAN 113 focused
attacks per year; of those,
30% result in a security breach
That’s 2 TO 3 effective attacks per
month
Internal breaches are
PARTICULARLY PROBLEMATIC
48% say greatest security impact comes
from malicious insiders
Yet MORE THAN HALF (55%) LACK
CONFIDENCE in their organizations’
internal monitoring
Many security breaches go
undetected FOR TOO LONG
Detecting a breach takes months
for 61% of COMPANIES
Internal security teams
discover only 66% of
EFFECTIVE BREACHES

Copyright © 2016 Accenture. All Rights Reserved.
FOCUS FOR SUCCESS
 Are you confident that you
have identified all priority
business data assets and
their location?
 Are you able to defend the
organization from a
motivated adversary?
 Do you have the tools and
techniques to react and
respond to a targeted
attack?
 Do you know what the
adversary is really after?
 How often does your
organization ‘practice’ its
plan to get better at
responses?
 How do these attacks affect
your business?
 Do you have the right
alignment, structure, team
members, and other
resources to execute on your
mission?

AND OUTMANEUVER
Only 38% of respondents have confidence in their cybersecurity capabilities regarding any of the seven key
domains below, but investment in these areas is critical to improving defenses and strengthening resilience.

CYBERSECURITY APPROACH
PRESSURE TEST
SECURITY CAPABILITIES
by engaging “white hat” external hackers
to simulate attacks
MAKE SECURITY EVERYONE’S JOB
by fostering a culture of cybersecurity
& prioritizing training of all employees
PROTECT FROM THE INSIDE OUT
by prioritizing protection of organization’s
key assets
LEAD FROM THE TOP
by materially engaging with enterprise
leadership & improving the board’s cyber literacy
INVEST TO INNOVATE
AND OUTMANEUVER,
continually innovating to stay ahead
of attackers
GROW CONFIDENTLY
by keeping security connected to the bottom
line and to real business needs

HIGH PERFORMANCE SECURITY RESEARCH 2016
The survey objective was to understand the extent to which companies prioritize security,
how comprehensive security plans are, how resilient companies are with regard to security,
and the level of spend for security.
The survey aimed to measure security capabilities across seven cybersecurity strategy
domains identified by Accenture: business alignment, cyber response readiness, strategic
threat intelligence, cyber resilience, investment efficiency, governance and leadership, and
the extended ecosystem.
More than 50 percent of respondents were key decision-makers in cybersecurity strategy
and spending, including security, IT and business executives at director level and above at
companies with revenues of US $1 billion or more.
In 2016 Accenture surveyed 2,000 executives from 12 industries and 15 countries globally,
including 183 executives from the Insurance industry.

#CyberSecurity
@AccentureSecure
THANK YOU
accenture.com/cybersecurityreport

Accenture High Performance Security Report 2016 for Insurance

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