Are boards ready to deal with cyber-risks?

Published June 2nd 2017 - Even with the increasing exposure cyberthreats are receiving in the media, most boards of directors are not ready to deal with cyber-risks. This HBR article highlights survey results showing that only 38% of directors have a high level of concern with cyber-risks, yet the average cost of a data breach is $4 million. Two reasons discussed for this disconnect are the lack of effective processes for cyber-risk oversight and the lack of expertise. Do you agree?