In just 10 years (2006-2015), the US government saw a 1300% increase of cyber security incidents. Security risk has claimed a top spot in the top business risks in many industries. Managing risk is at the forefront of responsibilities that C-level executives deal with on a daily basis. But research seems to indicate that many executives are not ready, nor set up to manage security risks: F5 Networks: 65% CISOs say they report to senior executives, most often that reporting is limited to incident and crisis reporting.”]
Source: https://www.csoonline.com/article/3241466/dear-ceo-are-you-enabling-your-ciso.html