ACCENTURE'S 'State of Cybersecurity Resilience 2023' report reveals that organizations which closely align their cybersecurity programs with business objectives are more likely to achieve target revenue growth and market share and improve customer satisfaction. Also, on average, these cybersecurity conscious businesses are more likely to lower the cost of cybersecurity breaches.

In a statement, Palo Dal Cin, global lead of Accenture Security, said the accelerated adoption of digital technologies like generative AI — combined with complex regulations, geopolitical tensions and economic uncertainties — is testing organizations' approach to managing cyber risks. Embedding cybersecurity into their core digital transformation efforts is one of the key differentiating traits of cyber transformers, who are better equipped to drive successful business outcomes, he added.