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.
