Research

How boards can lead the cyber-resilient organisation

June 18, 2018

To learn more about cyber risk management challenges organisations are facing and provide insight into improvements that executives can make to create a more cyber-resilient organization, The Economist Intelligence Unit (EIU) conducted a global survey of 452 large company board members, c-suite executives and directors. The survey was sponsored by Willis Towers Watson. Findings include both quantitative data in addition to qualitative commentary from CISOs and board members at Fortune 500 companies.

Highlights:

  • In the past year, a third of the companies surveyed experienced a serious cyber incident – one that disrupted operations, impaired financials and damaged reputations – and most placed high odds on another one in the next 12 months.
  • Many companies lack confidence in their ability to source talent and develop a cyber-savvy workforce.
  • Executives cite the size of the financial and reputational risk as the most important reason for board oversight.

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About the survey

Half of the respondents are CEOs, presidents, owners or board members. The other half are directors and other C-suite executives. The companies range in size from US$100m in annual revenue to more than US$25bn. Respondents are widely distributed across industries. The largest sectors include – manufacturing and technology (12% each), retail and construction/real estate (10% each), and financial services (9%). A third of the companies are in North America, a third in Asia, and a third in Europe.

How boards can lead the cyber-resilient organisation survey participants