As pressure to develop more effective corporate cybersecurity programs continues to mount, 62.7 percent of C-suite and other executives in a recent Deloitte poll expect board of director requests for reporting on cybersecurity program effectiveness to increase in the next 12 months. A slightly lower 57.3 percent of executives expect increased cybersecurity regulatory scrutiny during the same period.
“Boards want to gain a higher level of confidence in their organizations’ cyber risk management program effectiveness, so an expectation of more robust and consistent reporting is not surprising,” said Andrew Morrison, Deloitte Risk and Financial Advisory principal, Deloitte & Touche LLP. “Corporate executives in all sectors are feeling obliged to provide greater transparency and uniformity when it comes to cybersecurity reporting—alone or as part of an enterprise-wide risk management program.”
Industries expecting higher than average board requests on cybersecurity program effectiveness are life sciences and health care (71.8 percent); financial services institutions (69.9 percent); and technology,…
