Singapore CFOs see data security, privacy as top challenges in corporate reporting: EY poll

Managing data security and privacy are the top challenges chief financial officers (CFOs) in Singapore say they face in corporate reporting, as developments in data handling stir uncertainty among global and Singapore CFOs alike.

The global survey of more than 1,000 CFOs also found 63 per cent of Singapore finance chiefs say concerns over security and compliance risks of the cloud are seen as major barriers to technology transformation and the implementation of innovative new technologies, against 49 per cent of global responses.

Source: Singapore CFOs see data security, privacy as top challenges in corporate reporting: EY poll, – THE BUSINESS TIMES