Security News > 2021 > May > Cybersecurity control failures listed as top emerging risk

Cybersecurity control failures was listed as the top emerging risk in 1Q21 in a global poll of 165 senior executives across function and geography, according to Gartner.

Despite a myriad of risks resulting from the pandemic, such as the new work environment and environmental, social and governance concerns, cybersecurity risk was singled out with notable consistency across all geographic regions and most industries, cited by 67% of respondents.

Internal risks related to a company's operational and cultural capacities continued to be most pressing to the executives polled and made up the top five emerging risks selected in 1Q21, despite no reprieve from external risks including navigating an uneven global vaccine rollout, added ESG regulatory requirements and looming potential changes to the corporate tax environment.

In addition to ranking first on the list of emerging risks this quarter, cybersecurity control failures also ranked third overall in "Risk velocity," an additional metric.

Failures in cybersecurity control trailed only a protracted vaccine rollout and reputational risks from citizen journalism in the risk velocity analysis.

"However, in the case of cybersecurity risk, it's good to see that the level of awareness among executives matches the severity of the risk facing their organizations."

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