ICA Offers New Cybersecurity Risk Management Program as Global Threat Increases
The International Compliance Association (ICA), a professional body for the global regulatory and financial crime compliance community, has partnered with the International Cyber Threat Task Force (ICTTF) to offer a new program in cyber risk management.
The global cost of cybercrime will increase and worldwide spending on cybersecurity is estimated to hit $133.7 billion in 2022, according to Gartner, says ICA, and the worldwide coronavirus outbreak has exacerbated the threat as organizations are faced with the challenge of keeping as many business-critical functions running as possible, while maintaining adequate security. Business leaders are increasingly recognizing the threat, with 68 percent saying their cybersecurity risks are increasing.