After polling almost 1,300 organizations, EY found that only 36% of organizations take cybersecurity into account when planning new ventures. In its "Global Information Security Survey 2020," the firm reports that the uptick in activist attacks — which the report pegs as the second-most common source of significant or material breaches — illustrates why the cybersecurity needs to be part of every aspect of the business. CISOs who aren't frequently interacting with senior company leaders will likely be overshadowed, potentially resulting in the launch of new products or services that are vulnerable to cyber threats.
Unfortunately, CISOs aren't there yet, and cybercrime increases by the day. According to EY, six in 10 organizations have weathered a significant cyber incident in the past 12 months, and 48% of boards suspect that cyberattacks and data breaches will affect their business in the coming year. About 21% of the attacks were traced to "hacktivists" — tech-savvy political and social activists — who are second only to organized crime (23%).
Boards Still Working in the DarkMost boards understand that they need to pay closer attention to cybersecurity. This fact was underlined in the EY report, which indicates that 72% of boards see cyber-risk as "significant." Moreover, CEOs expect widespread corporate cyberattacks will pose the biggest threat to the global economy over the next decade.
But while boards acknowledge cyber-risk exists, just about half (52%) of respondents say that their board is ..
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