Cybersecurity Hits Boardrooms with 52% Confident Leaders, Deloitte Survey 

In August 2024, a Deloitte survey of 1,200 global industry leaders revealed that only 52% were “very confident” in their boards’ ability to manage cybersecurity responsibility hurdles. 

Deloitte’s global survey of industry leaders, including those from India, found growing concerns over the adequacy of cybersecurity governance. A rise in digital threats is making more companies question their preparedness and resilience highlights a key need for better cybersecurity frameworks in the boardrooms globally. 

Cybersecurity roles and responsibilities have evolved significantly, and C-Suite roles have expanded to meet these cybersecurity incident response demands. 

C-Suite Roles Evolve to Meet Cybersecurity Demands 

On top of the growth of cyber threats, the role of senior leadership in an organization has dramatically grown, especially that of the chief information security officer.  

Today, cybersecurity is deemed a strategic business issue, not just an IT concern. Research shows that today’s business leaders must be well-versed in cybersecurity threats and integrate these considerations into the broader scope of business decisions and any cybersecurity responsibility. 

Deloitte’s findings indicated an outstanding gap between cybersecurity responsibility and preparedness at the board level, with 48 % of leaders unsure if their boards are equipped enough to address this challenge. Industry experts argue that, in this contemporary digital world, marked by data breaches and cyber-attacks, stronger leadership from the top is needed to lay down robust cybersecurity incident response steps against the evolving cyber threats. 

Greater Emphasis on Cybersecurity by Sectors 

The survey showed that top management overseeing IT and business functions is strategically prioritizing the field, with organizations dedicating more resources to cybersecurity response – reflecting a recognition that long-term business stability cyber resilient. For many companies, the budget for cybersecurity has increased, while the adoption of regular training programs for employees and executives is of utmost importance, especially in cybersecurity organizations that deal with incident response. 

As cybersecurity incident response remains a key factor in business operations, the results of Deloitte’s survey reflect a more far-reaching challenge: a growing requirement for boards to develop more experience and knowledge in cybersecurity responsibility and for C-suite leaders to collaborate on stronger protections. 

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