The Institute of Directors (IoD) in New Zealand has listed five issues that businesses in the country can no longer ignore this year, including cyberattacks.
Aura’s Cyber Security Market Research Report 2019 showed that more than a third of businesses in the country have dealt with a cyberattack in the past 12 months. However, IoD’s 2019 Directors’ Fees Report found that only 50% of boards reported discussing cyber risk and were confident that their organisation could handle a cyberattack.
Only 33% of the directors felt that their board had the right capability to lead their organisation’s digital future, while only 41% said they were getting a comprehensive report from management about data risks and incidents – down from 47% in 2018.
“This is a concern. These days, cyberattacks and data breaches are a matter of ‘when’ not ‘if’ they happen. There is no question boards need to develop their own and their organisation’s digital capability to handle these issues,” Kirsten Patterson, chief executive of IoD, said, as reported by Interest.co.nz.
Other issues that…
