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| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | Cybersecurity & Strategy Defense Measures in Swiss Companies |
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| Institution | University of Zurich |
| Faculty | Faculty of Economics, Business Administration and Information Technology |
| Number of Pages | 102 |
| Date | 2015 |
| Abstract Text | The importance of Cybersecurity has increased dramatically over the past few years. The frequency of cyber-attacks and data breaches seems to be constantly increasing with both companies and governments being affected. Extensive and periodic studies (especially in the United States and United Kingdom) provide insights into company awareness of cyber risks and how they are handled. However, these kinds of questions have been largely unexplored in Switzerland. Given the high global interconnectedness of Swiss companies and the im-portance of data privacy in many of Switzerland’s most important industries (especially the banking industry), these questions must be addressed. An anonymous survey of 92 Swiss companies and detailed interviews with 11 Swiss IT secu-rity professionals was conducted as part of this thesis. This effort was able to answer several of these questions. Although Swiss firms, in general, report that they are concerned about Cybersecurity, a sizeable percentage of companies still seem to lack appropriate awareness. The assessment of the employed defense measures was conducted through a comparison with best practice recommendations (compiled through an extensive literature review). The results indicate that Swiss firms, while doing reasonably well in certain areas, still have considerable room for improvement. With regard to cyber insurance the Swiss market is growing and be-coming more mature. However, it is still relatively underdeveloped with low coverage among Swiss companies (who have many reservations). In addition to these general findings, the thesis also provides detailed analysis of the observed differences among companies with different characteristics. It offers a basic Cybersecurity benchmark for Swiss firms, allowing them to compare themselves with their peers as well as against best practice methods. |
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