The Equifax data breach is the latest high-profile event that has stirred senior executives and corporate boards of directors to ask themselves, Can this happen to us? Sadly, the answer remains yes, as cybersecurity risk can never fully be removed. Board members should assess cybersecurity risk on a regular or event driven basis, such as after any incident or security event. Lloyd’s of London has estimated that a global cyber-attack could trigger an average of $53 billion in economic losses, a figure on par with a catastrophic natural disaster such as Superstorm Sandy.”]
Source: https://www.csoonline.com/article/3227887/improving-cybersecurity-governance-in-the-boardroom.html