“UK Boards of Directors don’t understand cyber threat” suggests Government’s Cyber Governance Health Check

The Growing Importance of Risk Transfer & Cyber Insurance

In response to the UK Government’s findings, Jake Olcott (vice-president of Government affairs at BitSight and who has previously served as legal advisor to the Senate Commerce Committee and as counsel to the House of Representatives’ Homeland Security Committee) observed: “An effective cyber security strategy must receive Board-level approval. Too many organisations leave cyber risk management to IT or IT security professionals. This approach can result in poor prioritisation, misplaced resources and other failures. Those organisations with executive and Board support for cyber risk management are more likely to be successful in reducing risk.”