Organizations can minimize their risk of a cyber attack by including board members in security awareness training.
“From ransomware to crypto jacking to everything in between, the volume of just about all types of cyberattacks grew over the past two years, according to a recent report from SonicWall. While the number of threats continues to rise, so do the associated costs. IBM’s report found that the average data breach in 2021 was $4.24 million. This is a 10% year-over-year increase—and the highest average total cost in the 17 years IBM has produced this report.
As the saying goes, an ounce of prevention is worth a pound of cure. With that in mind, there are certain steps to prevent attacks from happening in the first place. For starters, CEOs must make sure directors hold themselves to the same cybersecurity standards as the organization’s employees. In addition, organizations should invest in cybersecurity infrastructure—and ensure board members are trained in its use.“