A recent survey of 151 executives revealed a disconnect between perceptions of cybersecurity funding and actual board engagement in cybersecurity. While 71% of executives deemed funding for cyber initiatives as adequate or high, only 39% viewed their board's understanding of cybersecurity risks and opportunities as proactive. Furthermore, a mere 31% of respondents felt their organizations were innovators or early adopters in cybersecurity readiness. This highlights a concerning gap in awareness and action at the board level in addressing cybersecurity challenges.
Too often, boards overestimate their company's cybersecurity preparedness—and how well they, as directors, are guiding it.
While 71% of executives felt cyber funding was adequate or high, only 39% characterized their board's understanding of cybersecurity as proactive.
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