How to prevail when technology fails - Flipbook - Page 39
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Two-thirds of businesses
acknowledge that costly litigation or a
regulatory investigation might follow
a data breach. Our survey data shows
that many are unprepared.
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Board directors and C-level
executives must pay close attention
to technology risk, but the majority
only do so “to a limited extent.”
Although 76% of businesses have a
cybersecurity incident response plan,
only 31% of these were prepared in
collaboration with legal teams.
There are numerous instances of
data breaches stemming from third
parties. But two-thirds of businesses
check the cyber credentials (the
steps they have taken to protect their
business from a cyber attack) of only
a minority of their partners.