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Cybersecurity is now critical for business growth, CEOs say

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Businesses need to focus on cybersecurity

CEOs across various industries are increasingly recognizing cybersecurity as a critical component for business growth, according to a survey by Accenture. The study, which included responses from 1,700 CEOs globally, found that 44% of them view cybersecurity as essential for growth, a significant increase from previous years. This shift in perspective is driven by the understanding that robust cybersecurity not only protects against threats but also builds customer trust and enables secure innovation. The survey also highlighted that CEOs are investing more in cybersecurity, with 68% planning to increase their cybersecurity budgets over the next three years. Additionally, the integration of cybersecurity into overall business strategy is seen as vital, with many CEOs acknowledging the need for a comprehensive approach to manage risks effectively and maintain competitive advantage.

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