Stuxnet, WannaCry, NotPetya, Sony, Target, Equifax, Marriott, and Yahoo. The mere mention of these mega cyberattacks continues to haunt individuals and organizations. The impact has been so profound that one executive survey says cyberattacks are their top business concern.1 However, only 11% of senior leaders expressed a high degree of confidence in their ability to assess cyber threats, prevent cyberattacks, and respond effectively.2
Company boards often have two misconceptions about cyber security, says Ciaran Martin, CEO of the UK’s National Cyber Security Centre.3 First, that all cyberattacks are targeted to specifically chosen companies, and second, board-level executives think cyber security is too complex, thus distancing themselves from it. Either or both of these reasons can put an organization’s security posture at risk.
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1 “Microsoft: Cyberattacks now the top risk, say businesses,” by Liam Tung, ZDNet, September 19, 2019
2 “How organizations view and manage cyber risk,” Help Net Security, September 19, 2019
3 “Two cybersecurity myths you need to forget right now, if you want to stop the hackers,” by Danny Palmer, ZDNet, February 12, 2019