Cybsersecurity Experts Fast-Tracked To Board Rooms

Cybersecurity experts are being appointed to boards as corporate governance becomes increasingly concerned with the threat posed by hackers and insecure data. Board seats at companies like AIG, Blackberry, General Motors and Wells Fargo have been handed to new members with knowledge of digital data security. Small wonder, with cyberattacks on large companies skyrocketing by 44 percent last year from 2013, and estimated to cost businesses more than $400 billion a year, according to Lloyd’s of London. “Not adequately addressing a cybersecurity risk could prove costly – in money, reputation, legal bills, lost time and lost customers,” the Los Angeles Times notes.