April 4, 2016 By Douglas Bonderud 2 min read

Who’s ultimately responsible for cybersecurity? It’s a critical question; according to Bloomberg BNA, 84 percent of businesses polled have adopted some kind of cybersecurity framework, and information security is quickly becoming a high-priority boardroom topic.

But there’s a problem: A new survey found that more than 90 percent of executives can’t read a security report, CNBC reported. More worrisome? Forty percent say they “don’t feel responsible” for the repercussions of a hack. Are execs passing the buck on cybersecurity responsibility?

Rolling Downhill

As noted by CNBC, many C-suite executives don’t feel prepared to handle a cyberattack but aren’t making the effort to become personally invested in the InfoSec process. Instead, they’re “handing this off to their techies, and they’re really just placing their heads in the sand right now,” said Dave Damato of security firm Tanium, whose company commissioned the recent survey along with Nasdaq.

With companies losing more than $400 billion a year to cybercrime, it’s impossible for executives to ignore the effects of bad security habits. However, since IT expertise isn’t part of the executive skill set, it’s often easier to delegate this responsibility downhill and focus on more pressing line-of-business tasks.

Opting out, however, comes with two significant risks. First is a complete absence of adequate protection. SC Magazine reported that 16 percent of all companies surveyed didn’t have any type of cybersecurity framework in place. If executives aren’t willing to invest time or money into the process, IT professionals will find other tasks to complete.

Another problem? CEOs and other high-profile executives are often on the hook as the public face of a data breach or loss. Shareholders want accountability, and “it wasn’t my job” isn’t a satisfactory answer.

Talking Up Cybersecurity Responsibility

Helping executives embrace cybersecurity responsibility requires a two-pronged approach. It starts with InfoSec professionals and CISOs improving data presentation and visualization at board meetings.

Tripwire put it simply: IT staff have trouble talking to management. This won’t be a terminal problem if they take a cue from other boardroom presenters and adopt a hits-and-highlights strategy — provide clear, actionable data without embellishment or excessive technical detail.

C-suite executives, meanwhile, need to re-evaluate their time investment since it’s not possible to pick up enough security knowledge simply by paying attention during presentations. Management must take some extracurricular initiative to learn critical IT terms, network vulnerabilities and potential repercussions.

If a breach occurs, CEOs who know exactly what happened, are part of the plan to fix the problem and who don’t pass the buck have a far better chance of keeping their title when the dust and data settles.

More from

AI cybersecurity solutions detect ransomware in under 60 seconds

2 min read - Worried about ransomware? If so, it’s not surprising. According to the World Economic Forum, for large cyber losses (€1 million+), the number of cases in which data is exfiltrated is increasing, doubling from 40% in 2019 to almost 80% in 2022. And more recent activity is tracking even higher.Meanwhile, other dangers are appearing on the horizon. For example, the 2024 IBM X-Force Threat Intelligence Index states that threat group investment is increasingly focused on generative AI attack tools.Criminals have been…

The major hardware flaw in Apple M-series chips

3 min read - The “need for speed” is having a negative impact on many Mac users right now. The Apple M-series chips, which are designed to deliver more consistent and faster performance than the Intel processors used in the past, have a vulnerability that can expose cryptographic keys, leading an attacker to reveal encrypted data. This critical security flaw, known as GoFetch, exploits a vulnerability found in the M-chips data memory-dependent prefetcher (DMP). DMP’s benefits and vulnerabilities DMP predicts memory addresses that the…

NIST’s role in the global tech race against AI

4 min read - Last year, the United States Secretary of Commerce announced that the National Institute of Standards and Technology (NIST) has been put in charge of launching a new public working group on artificial intelligence (AI) that will build on the success of the NIST AI Risk Management Framework to address this rapidly advancing technology.However, recent budget cuts at NIST, along with a lack of strategy implementation, have called into question the agency’s ability to lead this critical effort. Ultimately, the success…

Topic updates

Get email updates and stay ahead of the latest threats to the security landscape, thought leadership and research.
Subscribe today