Cybersecurity expertise on boards increasing but remains too low

25/09/2023 | The Wall Street Journal

According to research by The Wall Street Journal (£), the number of directors with cybersecurity experience at S&P 500 companies has increased significantly since last year. However, there is still a relatively low amount of cybersecurity expertise on boards, which is a concern given the increased scrutiny on boards for security failings. At the end of August, only 107 directors at 113 companies had experience in cybersecurity, a figure that represents 2.3% of the directors on the boards of companies in the index. The research indicated that the increase was likely driven by the growing awareness among companies that cybersecurity is crucial to their long-term business performance.

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