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CISOs under pressure from boards to downplay cyber risk: study

June 7, 2024
cybersecuritydive
Contributed by: Drex DeFord
Summary
A recent study by Trend Micro reveals that nearly 80% of CISOs and IT security leaders feel pressured by corporate boards to downplay cyber risks to protect company reputation, revenue, and profitability. This tension highlights ongoing discrepancies within upper-level corporate structures regarding the management and communication of security risks. Contradictory findings from a Proofpoint report show increased alignment between CISOs and boards, with 84% of CISOs reporting improved understanding compared to 62% the previous year. Despite improved relationships, CISOs still face high expectations and immense pressure, with growing concerns about personal liability and a preference for personal liability insurance before joining new companies.
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