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Survey: Overconfidence in Cybersecurity

By Christopher Dowsett, CAE
October 1, 2022

A survey commissioned by Kroll shows a disconnect between the confidence that CFOs have in their organizations’ cybersecurity abilities and the actual damage that cyber incidents are inflicting.

 

Cyber Risk and CFOs: Over-Confidence is Costly finds that a majority of CFOs are highly confident in their companies’ cybersecurity capabilities despite being somewhat unaware of the vulnerabilities their companies face.

 

87%

of CFOs are confident in their companies’ cybersecurity capabilities.

 

37%

of finance teams have never received briefings or updates from the information security team (and only 40% receive regular briefings).

 

79%

of companies represented in the survey had at least one security incident that resulted in compromised data or financial loss in the last 18 months.

 

Click here to download the report.

 

Christopher Dowsett, CAE, is editor-in-chief/vice president, Publications, at IMA. You can reach him at cdowsett@imanet.org.
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