30Cyber in the Boardroom

DOI: 10.4324/9781003052616-38

Board oversight of cybersecurity is no longer a nice to have; it is a requirement. Investors, governments and regulators are demanding that boards demonstrate diligence and oversight.

Yoav Intrator, Former CEO JP Morgan Chase Israel

Target—the breach that brought it into the boardroom

In 2013, Target's data breach thrust the board front and center in the cyber battle. The CEO was fired and 7 out of 10 board members were ousted due to the data breach. This got the attention of companies and Boards around the world. Boards concluded that they had to understand cyber from a business perspective. They either needed to put an expert on the board to explain cybersecurity to them or they needed ...

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