Cyber Security in the Boardroom
Cyber Security in the Boardroom, in partnership with Mason Hayes & Curran, details the findings of research carried out with 282 IoD members in April 2016.
The research examines the perspectives of Irish directors on what changes they have noticed in terms of the importance of cyber security as a board level issue, their levels of preparedness should their organisation experience a cyber breach, and how at risk they feel their organisation is in terms of cyber liability. The report also outlines the main types of breaches that have been experienced by respondents in the past, and provides a series of recommendations on how directors and boards can best prepare and protect themselves from a cyber security perspective.
Key Results:
- 93% of directors rate cyber security as an important issue at board level
- 41% say there has been a significant increase in the priority placed on cyber security at board level in the past 3 years
- 40% of organisations have no formal cyber security strategy, rising to 68% among companies with less than 100 employees
- Less than a quarter of organisations have cyber liability insurance in place
- One third of organisations experienced a cyber breach in the past 2 years
- 44% of organisations selling online have experienced a cyber breach
- 84% of directors say their organisation will increase spending on cyber security measures over the next 3 years
For any queries regarding this report or any IoD research, please contact Claire O'Keeffe, Head of Policy & Research, on cokeeffe@iodireland.ie or phone 01 411 0010.