Episode 55 — How Informed is the Board of Directors on Cybersecurity Risks?
With the global cost of cybercrime expected to reach $10.5 trillion by 2025, cybersecurity has become a board-level imperative. According to the Diligent Institute survey ‘What Directors Think,’ board members ranked cybersecurity as the most challenging issue to oversee. Even though boards say cybersecurity is a priority, they have a long way to go to help their organizations become resilient to cyberattacks. Kayne McGladrey, Field CISO at Hyperproof and a senior IEEE member sheds light on this important aspect of cybersecurity governance. The driving question being: How informed is the Board of Directors to provide effective oversight of cybersecurity governance?