Corporate Boards Pressure CISOs To Step Up Risk Mitigation Efforts
HelpNet Security, Wednesday, April 26,2023
While those working in InfoSec and GRC have high levels of confidence in their cyber/IT risk management systems, persistent problems may be making them less effective than perceived, according to RiskOptics.
The top challenges when implementing an effective cyber/IT risk management program include an increase in the quantity (49%) and severity (49%) of cyber threats, a lack of funding (37%) and a lack of staffing/cyber risk talent (36%).
Common cyber risk terminology
The report also found that general misunderstandings in common cyber risk terminology could be a deterrent in developing effective strategies and communicating risk to company leadership.