Source: Cyber Criminals are Targeting Top Executives and Could be Using Sensitive Information to Extort Them Worryingly, despite the increase in interest and increased internal and external focus on cyber risk, a number of Board-level respondents reported that they felt scared or embarrassed to ask their CISO for fear of exposing their lack of understanding. The report noted that Board interest is being piqued as a result of growing media reporting of cyber incidents, a heightened Board focus on operational resilience post-pandemic, investor pressure and a tightening regulatory environment. Source: Board Members Struggling to Understand Cyber Risksīoard members frequently struggle to understand cyber risks, putting businesses at higher risk of attacks, a new report has found. Black Arrow provides the impartial and expert advice that businesses require, including a free initial assessment, with no vested interest other than helping our clients achieve pragmatic and proportionate security. It is difficult for IT teams and business leaders to maintain an objective assessment of how effective their chosen security controls are against today’s attackers. Attackers are constantly adapting their tactics to bypass the security controls that most organisations implement. One of the reasons given for this false sense of confidence was the belief that more tools meant more security worryingly, 45% of organisations struggled with the implementation of tools due to the need for expertise. Top Cyber Stories of the Last Week Overconfident Organisations Prone to Cyber BreachesĪ study found that 95% of UK enterprises were very confident or somewhat confident that they do not have gaps in their security controls, yet despite this, 69% have fallen victim to a cyber attack in the last two years.
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