Three-quarters (75%) of the respondents to Accenture's new report, "Securing the Digital Economy: Reinventing the Internet for Trust," said that they believe that addressing cybersecurity challenges will require cross-industry coordination. (iStock/ALM Media archives) Three-quarters (75%) of the respondentsto Accenture's new report, "Securing the Digital Economy:Reinventing the Internet for Trust," said that they believe thataddressing cybersecurity challenges will requirecross-industry coordination. (iStock/ALM Media archives)

Companies globally could incur $5.2 trillion in additional costsand lost revenue over the next five years due to cyberattacks, asdependency on complex internet-enabled business models outpaces theability to introduce adequate safeguards that protect criticalassets, according to a new report from Accenture, theglobal professional services company.

Based on a survey of more than 1,700 chief executive officersand other C-suite executives worldwide, the report titled"Securing the Digital Economy: Reinventing the Internet for Trust"explores the complexities of the internet-related challenges facingbusiness and outlines imperatives for the chief executive officer'sevolving role in technology, business architecture andgovernance.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.