NYSE and Veracode Reveal Surprising Results From Board Cybersecurity Survey
May 29, 2015
BURLINGTON, MA--(Marketwired - May 28, 2015) - Veracode, a leader in protecting enterprises from today's pervasive Web and mobile application threats, today issued findings from a joint NYSE Governance Services/Veracode survey of nearly 200 directors of public companies revealing how cybersecurity is understood, prioritized and addressed at the board level. Cybersecurity has clearly become an important board-level priority, with more than 80 percent of respondents reporting that cybersecurity is discussed at most or all boardroom meetings. At the same time, a surprising 66 percent are not fully confident their companies are properly secured against cyberattacks.
Pressure has been mounting in the boardroom following multiple high-profile breaches leading to C-level changes. In fact, many board members are now being tasked to personally manage cybersecurity as a risk area, according to the Information Systems Audit and Control Association (ISACA)1. This has created a need for CISOs to better understand board member perceptions and become more effective at communicating their cybersecurity strategies in the boardroom.