The report outlines a new framework for boards to meet the growing cyber threat.
The report, ‘Governing cyber risk: a guide for company boards’, found that many companies were yet to meet the standards published today and need to do more to address the risks.
The report is based on 30 benchmark interviews at board and senior executive level within the financial community. While all firms are now taking actions to manage cyber security, the research found material differences in the extent to which boards were driving those actions. The report bench marked boards on six dimensions of behaviour, which evaluated how ‘proactive’ the board is in engaging and informing itself on cyber and how much ‘challenge’ the board is creating for management in providing active and intrusive oversight. Download the report for more information.