A new survey finds that corporate boards are expected to ask IT, IT audit, and other functions responsible for securing the company’s data and systems for more information on the effectiveness of cybersecurity programs. The survey, by Deloitte, found that 62.7 percent of C-suite and other executives expect board directors’ requests for reporting on cybersecurity program effectiveness to increase in the next 12 months. A slightly lower 57.3 percent of executives expect increased cybersecurity regulatory scrutiny during the same period.
Poll results point to one possible explanation: Just 16.7 percent of executives say they are highly confident in the effectiveness of their organization’s current cyber program. The vote of high confidence drops even lower in industries such as financial services (14.3 percent); technology, media and telecoms (11.8 percent); and energy and resources (5.6 percent).
