Cybersecurity coverage has taken an odd turn. In the not-so-distant past, when a data breach occurred, journalists would zero in on the kinds and amounts of data that were stolen, and the amount of reputation and bottom-line damage the breach would likely result in. Lately, though, focus has shifted to who perpetrated the breach rather than how it happened.
The Massachusetts Institute of Technology is starting a new research effort to help CISOs better manage cybersecurity within critical infrastructure companies. Exxon Mobil Corp. and Schneider Electric SE are early members of the consortium, according to MIT.
While cyber insurance adoption is on the rise, only 26 percent of companies have policies today, according to a study on data breach preparedness from Experian and the Ponemon Institute.
Twenty-eight percent of respondents say their CISO has made cybersecurity decisions that have led to negative effects on the enterprise’s financial health, including lost business, decreased productivity or impaired service levels.