Seventy-seven percent of respondents to Bank Director’s 2016 Risk Practices Survey identified cybersecurity as their number one risk concern—and yet the great majority of them discuss cybersecurity only infrequently during board meetings.
This surprising result was confirmed during a presentation at Bank Director’s Bank Audit and Risk Committees Conference, when only 23 percent of the attendees said they discuss cybersecurity at every board meeting during an audience response survey.