A new study reveals that nearly half of cybersecurity leaders failed to report material breaches to their organizations’ boards in the past year, underscoring growing challenges in transparency and risk management. The 2025 Cyber Threat Landscape Report by VikingCloud found that 48% of leaders withheld breach information, and 22% admitted to concealing five or more incidents.
According to respondents, the primary reasons for nondisclosure were fear of punitive action from boards and concerns about reputational or financial repercussions. The report cautions that underreporting “hides the true scale of attacks,” limiting executive awareness of organizational cyber risk.
Frequency and Financial Impact of Cyberattacks
Cyber incidents continue to rise in both frequency and severity. Seventy-one percent of cybersecurity leaders reported more frequent attacks in 2025, while 61% said the severity of incidents increased compared to 2024.
More than half of the surveyed organizations experienced financial losses of at least 5% of annual revenue due to cyberattacks. For a company with $500 million in annual revenue, that loss would total $25 million. Smaller firms face…
