Risk management has risen significantly on the board of directors’ radar from a compliance requirement checklist item to one of the many pillars required to ensure a corporation can manage security risk.

A survey conducted by CyberRisk Alliance among 252 senior-level IT executives identified several areas that might drive decision making to address corporate risk-related issues for the foreseeable future.

Some of the findings show:

  • A change in North American corporate executives’ view of whether they should take a reactive or proactive approach to cybersecurity
  • A need to develop a more effective and efficient risk management operation and integrate it with the audit and compliance operations within the corporate hierarchy
  • The top objectives why organizations are investing in GRC software

Read the report to hear from other organizations on the challenges they are facing within cybersecurity risk and what they intend to do to address them.