How boards can lead the cyber-resilient organisation

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Gilda Stahl
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In the cyber world, many are attacked but not all are victims. Some organisations emerge stronger. The most cyber-resilient organisations can respond to an incident, fix the vulnerabilities and apply the lessons to strategies for the future. A key element of their resilience is governance, a task that falls to the board of directors.

To learn more about the challenges of governing a cyber-resilient organisation, The Economist Intelligence Unit (EIU) conducted a global survey, sponsored by Willis Towers Watson, of 452 large-company board members, C-suite executives and directors with responsibility for cyber-resilience. 

Among the findings:

  • In the past year, a third of the companies surveyed experienced a serious cyber-incident — one that disrupted operations, impaired financials and damaged reputations — and most placed high odds on another one in the next 12 months.
  • Many companies lack confidence in their ability to source talent and develop a cyber-savvy workforce. 
  • Executives cite the size of the financial and reputational risk as the most important reason for board oversight.

To read the full article click the following link