Risk management specialist Focal Point Data Risk, has released its latest Cyber Balance Sheet Report showing that wider awareness of risks — including third-party data breaches, ransomware and geopolitical conflicts — spurs more security dialogue in the boardroom.
However, C-Suite and security leaders still struggle to frame risk in productive decision-making terms and keep an eye on whether companies are operating within an acceptable level of risk.
“This year’s Cyber Balance Sheet Report dispels the ‘cyber is not a boardroom issue’ cliché by showing that not only have board members already received the cyber risk message loud and clear, they are actively initiating more discussion about breaches and threats that could upend their organizations,” says Andrew Cannata, Focal Point’s CISO and national cyber security practice leader. “The more important issue uncovered by the research is that this surge of interest — while commendable — seldom resolves executives’ two most important questions: ‘What is our risk appetite?’ and ‘Are we operating in or out of this comfort zone?’ When these…
