From: Infosecurity-Magazine.com
Time, interest and funding are all lacking despite the reputation hazards of a data breach.
Cybersecurity concerns C-level execs more than concerns over their companies’ reputations. However, many are unwilling to invest to assuage the worries; and many don’t realize that a data breach could be the most costly reputational issue that a company can face.
According to the Fifth Annual Board of Directors Survey from EisnerAmper, there is an ever-increasing concern over cyber-attacks among board members, particularly for public companies and not-for-profit organizations. However, both private companies and organizations with more than $1 billion in revenue felt they were more at risk from cybersecurity/IT than reputation issues.
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