Study: Cyber risks overshadow corporate board security confidence

Source: National Cyber Security – Produced By Gregory Evans

Directors of U.S. businesses are pretty confident they can understand corporate security risks, but corporate security pros are not so sure their boards really get it, according to a survey of both board members and C-level security executives. While 70% of board members say they understand the risks, only 43% of hired corporate security professionals agree, according to a Ponemon Institute study polling 245 board members and 409 IT security pros that was sponsored by Fidelis Cybersecurity. Based on this finding the study concludes that, “more communication between the board and the IT function is sorely needed.” There are other gaps between what board members think and what CIOs, CSOs and CISOs think. For example, 59% of board members say they believe their governance of cybersecurity practices is effective; only 18% of IT pros agree. In ranking that effectiveness, boards, on average, give themselves an 8.1 on a scale of 10 while the IT pros give them a 6.2, the study says. IT pros should brief their boards regularly on attacks and breaches the company has suffered, the report recommends. Doing so may actually protect companies from falling afoul of regulations and laws that oversee corporate cyber security. Asked whether […]

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