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‘How Boards & Senior Executives Are Managing Cyber Risk’

The third biennial Carnegie Mellon University CyLab survey of boards of directors and senior management found that there has been a noticeable increase in the number of boards with Risk Committees responsible for privacy and security risks (48 percent in 2012 compared with 8 percent in 2008) and in the number of companies that have established cross-organizational teams to manage privacy and security risks (72 percent in 2012 compared with 17 percent in 2008).

Boards and senior management are failing in certain areas: 57 percent of respondents are not analyzing the adequacy of cyber insurance coverage or undertaking key activities related to cyber risk management to help them manage reputational and financial risks associated with the theft of confidential and proprietary data and security breaches.

Read the report (PDF).

•Date: 18th May 2012 • US •Type: Article • Topic: ISM

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