CEOs Must Prioritize Cybersecurity

An article published in Forbes argues that concern for cybersecurity must begin at the top of companies’ organizational structures. With somewhere between $9 and $21 trillion of global economic value creation at risk if organizations are unable to ward against cyber threats, this is a key area of investment.
According to the article:

We predict connected devices will grow to 50 billion by the year 2020. The average connected device has over 20 identified security vulnerabilities. Cyber-attacks are gaining the ability to become more and more complex, increasing the risk they pose for companies everywhere.
[…] With no common set of standards in place, Internet security is lagging behind the sophistication of hackers. The global economy is not adequately protected. Of companies that were attacked in 2014, 81 percent were not able to identify the breach themselves and on average it took them 188 days to realize their security had been compromised. For companies to take action now, security needs to become an issue from the top down. Both the board and CEO must ensure that they are making the right decisions about security through the following ways.

Click here to read the full article on Forbes.