With an increase in the number of breaches, one would expect more involvement in the cybersecurity process by the board and senior leadership, but from Ponemon Institute’s Fourth Annual Study: Is Your Company Ready for a Big Data Breach?, the reality is quite different.
When it comes to cybersecurity it’s obvious how important it is with the increasing number of IoT devices like voting machines, medical devices, and even devices that we may think are old and not vulnerable, such as pagers. This US election period, for example, has shown the growing concerns around a potential hack during an election, and…
There are a number of headaches that IT executives, such as CTOs and CIOs, face in any type of business, including financial services companies. The things that keep these executives up at night involve a number of challenges. Some that stood out from a recent article discussing this very topic are worth mentioning.
Even though organizations know about the importance of data breach preparedness with 86% of companies having a data breach response plan in 2016 versus 61% in 2013, a recent study by the Ponemon Institute shows that they’re far from implementing their plans in a way that helps them weather the storm if breach happens.
There’s always a lot of talk about the board and cybersecurity. This topic is important because without the board’s approval, organizations can’t take the necessary steps to improve cybersecurity. As time passes and mega breaches keep popping up, like the recent Yahoo mega breach, the board does seem to be getting more interested in cybersecurity. However, the question remains, what’s the board’s cybersecurity ‘why’?