Boards Need a More Active Approach to Cybersecurity

"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."

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.

Read at Harvard Business Review