Boards are getting more involved in cybersecurity, but is it enough?
An escalation in the frequency, severity and impact of cybersecurity attacks damaging corporate operations, finances and reputations is forcing boards of directors to take more active roles in their company's defensive posture. However, the level of participation in their companies' risk mitigation strategy remains lacking, according to new research from PwC.
Forty-five percent of 10,000 CEOs, CFOs, CIOs and other executives PwC polled said that their boards participated in corporate cybersecurity strategy, up from 42 percent when PwC conducted a similar survey for 2014, according to David Burg, PwC's global cybersecurity practice leader. But given the glut of cybersecurity attacks Burg says the numbers are lower than they should be. "It is surprising that this number isn't north of 75 percent,” says Burg, who published the data in a new report. “In a world of connected business ecosystems, you’re only as strong as your weakest link.”
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