Given the rising cost of a data breach and the immense risk posed to the business by a security breach, members of the Board of Directors have come to realize the need for greater visibility as well as the importance of their oversight in driving the overall security culture of an organization. Boards are increasingly becoming acutely aware of this with almost 50% of Fortune 500 boards having cybersecurity as a strategic goal.
"Visibility is what sticks out the most to me in this report. Without knowing what the on-the-ground environment looks like, it's impossible for leadership to work together in safeguarding critical business assets.“
-Jayesh Panchal, the former CISO of the International Monetary Fund (IMF)