Leadership Is Key To Managing Significant Cyber Risk

Chief Executives in the US identify cybersecurity as their primary concern. A new global survey taken by The Conference Board reports that American CEOs fear the external risk of cybersecurity over recession, global trade and competitors. And yet, in an apparent disconnect, the same study showed that among internal risks, these same leaders listed "compliance with data privacy regulations" nearly last. For such an important external business risk, how is it that executives do not appear to take ownership of  the internal responsibilities tied to cyberattack risk? The calamitous risk that executives rightfully fear is the reason that they must take real action to implement cyber risk prevention today.