Company executives poorly placed to handle rising cyber risk: KPMG survey

Less than half of company boards have the necessary skills to manage the rising threat of cyber attacks, a survey of global investors showed, with four of five respondents suggesting they might blacklist businesses that have been hacked.

The research from consultancy firm KPMG, which surveyed 133 institutional investors running a total $3 trillion in assets, also showed that 43 percent of investors believe board members of the companies they invest in have a level of skill and knowledge to manage innovation and risk in the digital world that is unacceptable.