Cyberattacks have been grabbing headlines lately–from the Equifax breach to a recent incursion into the U.S. Securities and Exchange Commission’s systems for storing company filings. And it appears that companies are continuing to take notice. For the fourth year in a row, the majority of board members are becoming more involved in cybersecurity compared to the year prior, according to a new survey from BDO USA.
The accounting and advisory organization reports that 79 percent of public company directors surveyed are more heavily involved in cybersecurity efforts this year than they were during the 12 preceding months, and 78 percent reported to have increased company investments to defend against cyberattacks. Budgets to deal with cyber threats, on average, increased by 19 percent.
