© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Cybersecurity A Growing Risk As Companies Rely On Technology To Overcome Increasing Regulatory Requirements
Posted 4th April 2019

Cybersecurity A Growing Risk As Companies Rely On Technology To Overcome Increasing Regulatory Requirements

With regulations across a wide variety of industries on the rise, companies are increasingly focusing on technology to help bear the strain. However, this comes at a cost, with cybersecurity now a growing threat, as Acquisition International explores. As increased legislation gives companies around the world and across the corporate landscape more work and documentation […]

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Cybersecurity A Growing Risk As Companies Rely On Technology To Overcome Increasing Regulatory Requirements

With regulations across a wide variety of industries on the rise, companies are increasingly focusing on technology to help bear the strain. However, this comes at a cost, with cybersecurity now a growing threat, as Acquisition International explores.

As increased legislation gives companies around the world and across the corporate landscape more work and documentation to undertake in order to remain compliant, many companies are turning to technology to help them reduce their workload and remove human error.

This is backed-up by new research by Intertrust, a global leader in providing expert administrative services to clients operating and investing in the international business environment. According to the findings just over half (55%) of corporates have increased the size of their compliance teams in response to the mounting regulatory pressures that have emerged over the last five years, according to a new study commissioned by

During the research process, Intertrust surveyed over 500 executives to identify how firms are responding to increasing regulation and their use of technology.  Four-in-ten (38%) said they had invested in new technology solutions, with the same proportion increasing their use of external advisors and consultants. Only 17% of firms said they had taken the step of simplifying their business operations to reduce the regulatory burden, preferring to dedicate extra resources to ensure compliance.

With corporates adopting a range of measures to respond to regulatory obligations, respondents believed that technology will play a pivotal role in maintaining compliance with new regulations, with 87% of firms predicting that demand for RegTech solutions will increase in the next two years.

In addition to regulatory compliance, the survey identified several ways that corporates were adopting innovative technology to modernise their core business operations. Here, the leading driver was acquiring off-the-shelf products, cited by 63% of corporates, followed by hiring technology experts (50%), investing in research and development into proprietary technology solutions (33%), and undergoing M&A / JV activity to acquire new solutions (20%).

Jan Willem van Drimmelen, Global Head of Corporate Services at Intertrust Group commented on the findings and highlighted the continuing growth in regulatory technology.

“Disruptive technology is playing an increasingly significant role in the development of corporates across all sectors for both compliance and day-to-day business operations. This presents a number of challenges for corporates that must decide how best to adapt to a changing environment and acquire the necessary technology and skills through M&A, off-the-shelf products, research and development or external support.”

However, such growth in technology increases the risk of online fraud and raises the need for companies to expand their cybersecurity policies.

For example, recently, Sword GRC, a supplier of specialist risk management software and services, published the latest findings from its annual survey of global risk managers, which shows that cybersecurity was seen as the biggest risk to business by a quarter of organizations. Almost 150 Risk Managers from highly risk-aware organizations worldwide were canvassed for their opinions during the survey.

Overall, in the UK, Brexit and the resulting potential economic fall-out was cited as the biggest risk to business by 14% of Risk Managers. The most notable regional variation was in the US where 40% of organizations see cybersecurity as the most threatening risk. The most lucrative opportunities for business were the benefits and efficiencies achieved by harnessing technology followed by expansion into new markets or sectors.

Keith Ricketts, VP of Marketing at Sword GRC commented; “We are delighted to see the Active Risk Manager Survey going from strength to strength with a record number of responses in 2018. As Risk continues to grow in importance and influence in the Boardroom, we have this year focused on the biggest threats and most lucrative opportunities facing business. That cybersecurity is now recognised as the single biggest risk for many organizations is no surprise to us, as it supports the anecdotal evidence we have seen working with our clients in some of the most risk aware industries globally.

“Technology is a great enabler and that has never been more true. The feedback we have from our Risk Managers is that information technology is the key to almost every opportunity for business going forward, whether that is supporting expansion into new markets and geographies, streamlining processes to gain efficiency or harnessing big data and artificial intelligence to power product development and business performance.”

Another piece of research, this time compiled by Allianz in its Allianz Risk Barometer 2019, shows that cyber threats and changes in legislation and regulation, including concerns around Brexit are considered the top risks by UK risk experts, coming joint first in the survey with 48% of responses.

“It’s no surprise to see changes in legislation and regulation as the new top risk in the UK, jointly with cyber threats,” said Tracey Hunt, Deputy CEO, Allianz Global Corporate & Specialty (AGCS), UK. “Uncertainty around Brexit along with concerns around a potential increase in the regulatory burden and global trade disputes have made confidence fragile. UK businesses also continue to be occupied by the threat of cyber-attacks. The consequences of a major data breach have never been greater since the EU’s General Data Protection Regulation (GDPR) came into force with data breaches potentially now resulting in huge fines.”

As such, whilst there is nothing businesses can do to reduce the uncertainty around Brexit within their market, they can make sure they maximise their chances of surviving a breach, or avoid one completely. With technology increasingly making an appearance for companies seeking to comply with the ever-changing regulatory landscape, they will have to work even harder to ensure that their compliance software is safe and compliant with data protection regulation, which could cause a minefield for many companies in a variety of industries over the coming months.

Categories: Strategy


You Might Also Like
Read Full PostRead - Eye Icon
China, not Greece, Should be the Biggest Concern for Investors
Finance
09/07/2015China, not Greece, Should be the Biggest Concern for Investors

China’s stock market crash must act as a wake-up call for investors to urgently reassess their portfolios, warns the chief executive of one of the world’s largest independent financial advisory organisations.

Read Full PostRead - Eye Icon
6 Trends That Every Engineer Needs to Know in 2021
News
29/10/20216 Trends That Every Engineer Needs to Know in 2021

A few years back, who thought that flying cars would be a reality–it was a distant and long-overhauled dream. But the rapid rise of technology and engineering concepts is making the impossible turn into "I'm possible" and flipping the current technology on i

Read Full PostRead - Eye Icon
The Art of Transfer Pricing
Finance
29/09/2016The Art of Transfer Pricing

Set up in 1971, Vaish Associates Advocates (‘VA’) is a full-service law firm based in New Delhi, Mumbai, and Bengaluru, India, having an experienced team of 12 partners and over 100 associates, specialising in direct tax, corporate laws, and intellectual p

Read Full PostRead - Eye Icon
Can’t Make Your Loan Payments? Here’s What to Do
Finance
27/01/2023Can’t Make Your Loan Payments? Here’s What to Do

Usually, when people take out a loan, they fully intend to keep their commitment to pay it. They don’t expect to default on it because they assume they will always be in the same or better financial situation they’re in when they apply for the loan.

Read Full PostRead - Eye Icon
First Quarter Update – Puyat Jacinto & Santos (PJS) Law
Legal
01/07/2016First Quarter Update – Puyat Jacinto & Santos (PJS) Law

PJS Law is Puyat Jacinto & Santos, a Philippine-based general professional partnership engaged in the practice of law.

Read Full PostRead - Eye Icon
Zedra Continues Growth Plans with Acquisition of Netherlands-Based Allied Corporate Services
M&A
04/07/2016Zedra Continues Growth Plans with Acquisition of Netherlands-Based Allied Corporate Services

ZEDRA (the “Group”), the global independent specialist in trust, fiduciary, corporate and fund services, announces that it has agreed the acquisition of Netherlands-based Allied Corporate Services (“Allied”).

Read Full PostRead - Eye Icon
Understanding the Benefits and Importance of Installment Loans
Finance
11/01/2022Understanding the Benefits and Importance of Installment Loans

Installment loans could be a real game-changer, especially if you need flexible repayments. In these difficult economic moments, you find that you will need some cash at some point. And that's why you need to know about installment loans.

Read Full PostRead - Eye Icon
Common Myths About Personal Injury Lawyers Debunked
News
07/12/2023Common Myths About Personal Injury Lawyers Debunked

In the world of personal injury law, myths, and misconceptions abound like wildfire, casting a shadow of doubt over the crucial role that personal injury lawyers, including Bronx injury lawyer, play in securing justice for those who’ve been harmed. From

Read Full PostRead - Eye Icon
Why Data is and Always Will Be The Next Big Thing
Innovation
07/08/2020Why Data is and Always Will Be The Next Big Thing

Data has ushered in a new digital era for businesses, society and individuals – one that’s revolutionizing customer and employee experiences, creating more dynamic, responsive, and personalised business models, and even sparking entirely new industries.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow