Mary-Louise Hoffman
A Deloitte survey has found that 25 percent of chief financial officers at large North American companies feel their organizations are unprepared for cyber attacks or terrorism and tampering events.
The research firm polled 101 CFOs in May for the company’s second-quarter 2015 CFO Signals report, according to a Deloitte Insights article published Monday on CFO Journal.
Rhoda Woo, managing director of crisis management solutions for audit and enterprise risk services at Deloitte, said CFO survey respondents in the technology and financial services sectors were most likely to report a lack of preparedness for cyber attacks.
Ninety-two percent of respondents cited legal and ethical violations as a major threat to companies and almost 90 percent believe their organizations are adequately prepared to face such incidents.
More than 80 percent of manufacturing and retail/wholesale industry CFOs surveyed see boycotts, picketing or blockades as a potential crisis, the report states.
Deloitte also found that industrial and technological failures are a major concern for approximately 80 percent of all CFOs, while natural disasters are a top concern for more than 85 percent of survey respondents.
