With increased cyberattacks and the high costs associated with these breaches, corporate boards are taking a more active role in cybersecurity. According to a new report from cyber risk analytics company Bay Dynamics, almost 90 percent of board members are very involved in decisions related to cyber risks. What’s more, the responses indicate that nearly 60 percent of security executives will lose their jobs if they don’t provide useful, actionable cyber risk information to board members.
The results from the report, titled “How Boards of Directors Really Feel About Cybersecurity Reports,” are based on survey responses from 125 enterprise executives who actively serve on a board of directors. Bay Dynamics commissioned the research firm Osterman Research to conduct the survey.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
