Do boards of directors actually care about cybersecurity?
September 1, 2015
There’s no shortage of arguments that cybersecurity needs to be aligned with the needs of the business, or that security is now a “boardroom issue.” And it seems that a new report or study is issued every day that states that boards of directors are more involved with their organizations’ cybersecurity efforts than ever before.
That’s the established narrative, but is it so? Our recent 2015 US State of Cybercrime Survey of more than 500 respondents, including US business executives, law enforcement services, and government agencies, throws a bit of cold water on those findings.
The cybercrime survey found that organizations come in three variants when it comes to board alignment: horrendous, adequate, and excellent. First the horrendous and adequate. Nearly a third, 28 percent, of respondents said their security leaders make no presentations at all to the board, while one-in-four, or 26 percent of CISOs, or their organization’s equivalent, provides an annual presentation to their board of directors.