Public and private companies are starting to have real conversations around cyber and it is great!
The insurance industry is starting to get some real traction around cyber and we have the media to thank for that. Unfortunately, too many organizations are unaware of their exposure until something goes wrong. With all the high-profile hacks, it can be hard to ignore the real possibilities of a breach occurring at any time.
We found some interesting videos by Zurich and wanted to share them with our network. Some interesting points that should be noted:
- Only 37% of boards are briefed on cyber risks once per year and 13% are never briefed
- Only 66% of directors have identified their critical digital assets.
-Only 35% of board members say their company has cyber risk requirements that must be met by third-party vendors, 31% don't have third-party requirements.
Corporate governance is truly the starting point of any cyber strategy. Understanding people, process and technology is essential to protecting any organization. Put your board in action when it comes to managing cyber risk, don't wait until it's too late.
The Base Team
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