While organizations have made significant security improvements, they have not kept pace with today’s determined adversaries. As a result, many rely on yesterday’s security practices to combat today’s threats. The results of this survey show that executives are heeding the need to fund enhanced security activities and have substantially improved technology safeguards, processes, and strategies.
Results of this year’s survey – including responses from more than 9,600 executives across 115 countries, and virtually every industry – show that executives are heeding the need to fund enhanced security activities and have substantially improved technology safeguards, processes, and strategies. Budgets are rising and confidence continues to climb. But while many organizations have raised the bar on security, their adversaries have done better.
This issue of BoardroomDirect® addresses cybersecurity risk being a board priority, the SEC applying website guidance to company social media use, the US Chamber publishing proxy advisor principles, PwC‘s 2013 State of the Internal Audit Profession Survey, NYC attorneys asking NYSE to reconsider its audit committee risk rule, and COSO issuing an updated framework next month.
This 10Minutes discusses why cybersecurity is more than an IT challenge—it’s a business imperative. New technologies, well-funded and determined adversaries, and interconnected business ecosystems have combined to increase your company’s exposure to cyberattacks. Critical digital assets are being targeted and the potential impact to your business has never been greater. In order to sufficiently protect the business, future cash flows, and shareholder value, your approach to cybersecurity must keep pace.
These days, the infrastructure of even the biggest, best-prepared organization is vulnerable to cyber attacks, which are persistent, well organized, constantly evolving — and often successful. This PwC publication explains how cyber crime can seriously damage brands, erode customer confidence, violate compliance mandates, and weaken the ability to generate revenue.
Financial Executives International (FEI) presents the top challenges for financial executives for 2013. Among key challenges are financial reform, ICEFR, cybersecurity, U.S. deficit and debt, taxes, private company accounting, IFRS, FASB/SEC appointments, health care, etc.
The Winter 2013 focuses on what directors should know about (1) new guidance from the SEC and DOJ about the Foreign Corrupt Practices Act and (2) policy updates from the ISS on executive compensation, board response to proposals with majority shareholder support, and hedging of company stock. It also includes an article on what directors should understand about data security and the likelihood of a cyberattack on their company.
This issue of the Corporate Board Member magazine series, by external corporate governance thought leaders on current issues impacting board and audit committee members, includes an interview with Mary Ann Cloyd, Leader of PwC's Center for Board Governance, on what directors need to know about conflict minerals. Other articles in this volume include compensation committee basics and dealing with cyber risk.