By Gráinne Bryan, Sonia Cheng, Dave Harvey, Jonathan Neilan, FTI Consulting
Cybersecurity and privacy have in recent years gained “buzzword” status in the boardroom. An ongoing groundswell of global data privacy enforcement and a perpetual upswing in the severity and frequency of data breaches have put nearly all corporate boards on high alert. So much so that in FTI Consulting’s recent Resilience Barometer survey of executives across the G20, board member respondents cited data privacy issues and/or cyber attacks as the top threats most likely to harm their organisation in the coming year. This is a view shared by institutional investors who in prior research also cited cyber risks as a top concern among the companies at which they are invested. In addition, organisations’ risk profiles are increasingly influenced by information governance issues. This, coupled with our view that companies have in the past lacked sufficient IT representation on their boards, highlights the importance of continuing to elevate the issue of cyber and information considerations at the board level.
The increase in cyber and…
