Whitepaper

Cybersecurity in the Boardroom

The connection between cybersecurity and a company’s bottom line is crystal clear to board members – and they’re worried. In fact, more than 80 percent of respondents discuss cybersecurity at most or all boardroom meetings. CISOs can become more effective, strategic leaders by understanding prevailing thought before stepping foot into the boardroom.

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What You Will Learn:

CISOs, read this report to learn how cybersecurity is understood, prioritized and addressed at the board level.

Strategic insights for CISOs from NYSE’s survey of 200 board members:

Map Risk to Top Cybersecurity Fears. Brand damage, breach costs and loss of competitive advantage through corporate espionage are the top cybersecurity fears.

Include Third-Party Risk. More than 70 percent of respondents reported having significant concerns about the risk posed by third-party software in their supply chains.

Use Risk Metrics. Two-thirds of respondents want information presented as either risk metrics or high-level strategy descriptions.

Demonstrate Business and Communications Skills. The top three qualities that make a good CISO: technical skills, business acumen and strong communications skills.

Encourage Shared Responsibility. After a breach, board members said they are more likely to hold the CEO accountable, with the CIO as the second most responsible.

Get a visual of these survey results by downloading our Cybersecurity in the Boardroom Infographic.