Cybersecurity is a business problem that has been presented as such in boardrooms for years. Though accountability lies primarily with IT leaders, organizations have become more vulnerable to cyberthreats because digital information and technology are now so heavily integrated into day-to-day work. Cyber-risk incidents can have operational, financial, reputational and strategic consequences for an organization, all of which come at significant costs. This makes existing measures less effective and means that most organizations need to up their cybersecurity game.

Cybersecurity fails because organizations don't prioritize security controls or invest enough in them. Organizations only control their priorities and investments in IT security. To decide where, when and how to invest in IT security, benchmark your security capabilities for people, process and technology. The human element features heavily in cybersecurity risks. Cybercriminals have become experts at social engineering, and they use increasingly sophisticated techniques to trick employees into clicking on malicious links. Making sure employees have the information and know-how to better defend against these attacks is critical.