ARCHIVED CONTENT
You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.By Michelle Anderson and Tara McGraw Swaninatha
Extract: The recently released BDO Board Survey revealed that more than two-thirds (69 percent) of corporate directors report their board is more involved with cybersecurity than it was 12 months ago, up from 59 percent in 2014. However, while BDO found that 70 percent of board members say they have increased company investments in cybersecurity, only 45 percent of corporate directors say their company has a cyberbreach/incident response plan in place. More than 20 percent of board members said they weren’t sure whether their company had such a plan.
These findings parallel a recent survey of Fortune 1000 general counsels.