For the third year in a row, members of boards of directors say they are devoting more time and money to defend against cyberattacks, according to a new survey from consulting firm BDO USA.
BDO surveyed 160 directors of public company boards, with revenues ranging from $250 million to $1 billion, about financial reporting and corporate governance issues. The survey also shows an increase in the number of companies with data breach response plans in place, from 45 to 63 percent. Cybersecurity has become a growing concern for general counsel in recent years.
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