Firm: Cybersecurity among boards’ concerns

Reputation, cybersecurity and social media are the major issues of concern for members of boards of directors, according to the results of a survey of 250 boards done during the first quarter of 2014 by the New York-based accounting firm EisnerAmper, which provides audit, tax and advisory services to the financial services industry. More

To continue reading this article, please do one of the following.



financial services

Firm: Cybersecurity among boards’ concerns

Posted 7/29/14

NEW YORK – Reputation, cybersecurity and social media are the major issues of concern for members of boards of directors, according to the results of a survey of 250 boards done during the first quarter of 2014 by the New York-based accounting firm EisnerAmper, which provides audit, tax and advisory services to the financial services industry.

“Reputation is an ever-increasing concern among board members, particularly for public companies and not-for-profit organizations,” according to the report, “Concerns About Risks Confronting Boards.”

“Many respondents wrote that they had no plans, or relatively unsophisticated plan, to protect their reputations,” according to the report

“However, both private companies and organization with more than $1 billion in revenue felt they were more at risk from cybersecruity/IT than reputation issues.”

Cybersecurity/IT risk has risen almost 10 percent since the 2013 survey. It has overtaken regulatory/compliance risk, which also increased 4 percent, as the second most important concern to all boards, the survey found.

The report is available online at

www.eisneramper.com.

Calendar
PBN Hosted
Events

Applications are now being accepted for the 14th Annual Business Excellence Awards Program. Deadline to apply is October 1st. And save the date for the Awards Dinner - November 12th at the Providence Marriott.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement