Survey: Senior Executives Being Held More Accountable For Cybersecurity
Security Boulevard, Friday, August 16th, 2024
A global survey of 1,850 IT and cybersecurity decision-makers finds more than half (51%) reporting that directors or executives have faced fines, jail time, loss of position, or loss of employment following a cyberattack.
Conducted by Sapio Research on behalf of Fortinet, the survey also finds more than 50% of respondents admitting breaches cost their organizations more than $1 million in lost revenue, fines and other expenses last year. Just under a third (63%) also noted it took longer than a month to recover from a cyberattack.
As a result, nearly all respondents (97%) report their board sees cybersecurity as a business priority, with just under three quarters (72%) noting their board of directors was more focused on security in 2023 than the previous year.