CISOs in the Hot Seat: 93% of Companies Scramble to Shield Against Liability Risks
CISO personal liability risks are causing waves, with 93% of organizations making policy changes. This includes increasing CISO participation in board-level decisions and beefing up legal support. However, only 36% have clearly defined cybersecurity roles, leaving 46% scratching their heads. Fastly calls for clearer regulatory standards to tackle this comedy of errors.
Hot Take:
Looks like CISOs are now the new superheroes of the corporate world, but instead of capes, they’re wearing liability insurance as they juggle board meetings and navigate cybersecurity mazes with the dexterity of a cat on a hot tin roof. Maybe we should start designing CISO action figures, complete with a tiny boardroom table and a magnifying glass for examining legal documents!
Key Points:
- 93% of organizations have changed policies to manage rising CISO liability risks.
- 41% of companies have increased CISO involvement in strategic board decisions.
- 38% are scrutinizing security disclosures and improving legal support for cybersecurity staff.
- There’s a call for clearer regulatory standards to differentiate between unavoidable and avoidable cyber incidents.
- Confusion and lack of accountability persist regarding who is responsible for cybersecurity incidents.