Security News > 2023 > October > Cybersecurity should be a business priority for CEOs

74% of CEOs are concerned about their organizations' ability to avert or minimize damage to the business from a cyberattack - even though 96% of CEOs said that cybersecurity is critical to organizational growth and stability, according to Accenture.

60% of CEOs said their organizations don't incorporate cybersecurity into business strategies, services or products from the outset, and 44% believe cybersecurity requires episodic intervention rather than ongoing attention.

Despite 90% of CEOs saying cybersecurity is a differentiating factor for their products or services to help them build customer trust, only 15% have dedicated board meetings for discussing cybersecurity issues.

This disconnect might be explained by the fact that 91% of CEOs said cybersecurity is a technical function that is the responsibility of the CIO or CISO. Generative AI poses new cybersecurity challenges.

"Unfortunately, it is often only after they experience a material cyber incident that they elevate cybersecurity to a board-level and C-suite priority and expand expectations beyond technology functions to protect their organizations better. Integrating cybersecurity risk into an enterprise risk management framework is the key to ensuring better security, regulatory compliance, business protection and customer trust."

Cyber-resilient CEOs are far more likely to commit to continually establishing industry-leading cybersecurity measures that take into account the changing risk landscape and align with C-suite priorities in order to protect the business and detect and respond effectively to cyberattacks.

News URL

https://www.helpnetsecurity.com/2023/10/12/cybersecurity-ceos-responsibility/