The two biggest barriers to proving and demonstrating security externally are a lack of staffing ( 33 %) and lack of automation to replace manual work ( 30 %).
cyber trends
The two biggest barriers to proving and demonstrating security externally are a lack of staffing ( 33 %) and lack of automation to replace manual work ( 30 %).
their IT budgets are continuing to shrink .
• Identity and Access Management and data processing that doesn ’ t comply with regulations are the two biggest blind spots for UK organisations .
• Over half ( 57 %) are concerned that secure data management is becoming more challenging with AI adoption with 55 % saying that using Generative AI could erode customer trust .
Despite all countries continuing to grapple with the unique set of security and compliance challenges , the survey findings illustrate the vast differences experienced across time zones :
• Companies in the US believe they could save at least three hours a week by automating security and compliance tasks – the highest of any country .
The trust management tipping point
Ultimately , better security improves efficiency , builds trust and boosts the bottom line . Over half ( 68 %) of UK leaders say that a better security and compliance strategy positively impacts their businesses thanks to stronger customer trust , while nearly three-in-four ( 73 %) agree that a better security and compliance strategy would make them more efficient .
An overwhelming 83 % of UK businesses have or plan to increase their use of automation , particularly for reducing manual work and streamlining vendor risk reviews and onboarding . All in , respondents believe they could save at least two hours per week – over two and a half working weeks a year – if security and compliance tasks were automated .
“ The business case for trust management is undeniable ,” said Christina Cacioppo , CEO , Vanta . “ For companies at the forefront of disrupting the security status quo , centralising processes , automating compliance and accelerating security reviews can turn trust into a truly marketable advantage . By closing the loop on the security life cycle from compliance through continuous monitoring and communication , businesses can transform how they build trust and ultimately unlock growth .”
The future of trust in an AI world
Automation and Generative AI are top of mind for IT and business decisionmakers , with 78 % of UK business leaders already or planning to use AI / ML to detect high risk actions . But the risks of Generative AI without guardrails can ’ t be denied . For larger organisations , nearly six-in-10 ( 56 %) leaders say regulating AI would make them more comfortable when it comes to investing in it . u
• UK leaders are more concerned with keeping up to date with evolving regulations than any other market .
• Leaders in the US are most likely to delay entering new markets due to compliance requirements , admitting they ’ re not prioritising compliance due to the financial investment .
• Respondents in Australia are the most concerned about Generative AI ’ s potential impact on customer trust .
• Germany has the strongest visibility into security risks of all markets , with 47 % saying they have ‘ strong ’ or ‘ very strong ’ sight of risks .
• 76 % of leaders in France say they need to improve security and compliance , the highest of all markets .
• Organisations in Australia are least likely to be able to provide proof of compliance to customers .
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