A recent report by Diligent and Bitsight reveals that only 5% of businesses have a cyber expert on their board, despite the fact that stronger cybersecurity is linked with better financial performance. The report highlights significant variations between countries in terms of the proportion of organizations with a cyber expert on the board, with France having the highest at 10% and Canada the lowest at just 1%. The UK is at 3%. The study also demonstrated that integrating cyber experts into specialized risk committees led to a significant improvement in cybersecurity performance. The report found that businesses with cyber experts on an audit or specialized risk committee achieved an average security performance score of 700 out of a maximum of 900, while companies that lacked a cyber expert on such committees had a score of 580.
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