Align teams, address systemic risk and maintain stakeholder trust. For several years now, we’ve seen an increase in the number of chief executives either resigning or being fired after their company suffered a data breach. In fact, research shows that twice as many CEOs are being fired over cybersecurity incidents than are CIOs or CISOs. It’s happening so often, the public is becoming numb to news like this — it’s even expected.
According to Gartner, by 2022, 50% of CEOs who lack cybersecurity postures that are defensible to their key stakeholders will be fired following material breach incidents that impact greater than 25% of their customer base.