Boardroom Security. PHOTO: Cybercrime Magazine.

Boardroom Cybersecurity 2022 Report

Cybercrime facts, figures, predictions and statistics Press Release

Steve Morgan

Sausalito, Calif. – Aug. 10, 2022

Cybercrime is predicted to cost the world $7 trillion USD in 2022, according to Cybersecurity Ventures. If it were measured as a country, then cybercrime would be the world’s third largest economy after the U.S. and China.

As a result, boardroom and C-suite executives are paying attention. But they tell us reports on cybersecurity are way too technical, and use terms they don’t understand.

The Boardroom Cybersecurity 2022 Report, published by Cybersecurity Ventures and sponsored by Secureworks©, provides a board of directors and the CEO with cyber economic facts, figures, predictions and statistics which convey the magnitude of the cyber threat they are up against, and market data to help understand what can be done about it.

If chief information security officers are invited into the boardroom, then they had better be prepared to communicate quickly, and effectively, in order to gain more budget and support for cybersecurity. CISOs are encouraged to borrow generously from our report when they enter the boardroom.

Download the Boardroom Cybersecurity 2022 Report exclusively from our sponsor Secureworks©, and you’ll receive market data covering these topics:

  • Cybercrime
  • Ransomware
  • Cryptocrime
  • Cybersecurity Spending
  • Cyberinsurance
  • Cyber Fighters

Boardroom Trends

The SEC recently proposed new rules that would require U.S. public company boardroom disclosure of corporate directors with cybersecurity expertise.

In 2021, 17 percent of the 449 Fortune 500 companies that appointed new board members selected people with cybersecurity experience, according to the latest Heidrick & Struggles Board Monitor Report. That’s up from 8 percent in 2020.

Cybersecurity Ventures predicts by 2025, 35 percent of Fortune 500 companies will have board members with cybersecurity experience, and by 2031 that will climb to 50 percent. What about your board?

Steve Morgan is founder and Editor-in-Chief at Cybersecurity Ventures.

Go here to read all of my blogs and articles covering cybersecurity. Go here to send me story tips, feedback and suggestions.

Sponsored by Secureworks

Secureworks© protects organizations with battle-tested, best-in-class cybersecurity solutions that reduce risk, optimize IT and security investments, and fill security talent gaps. We deliver solutions by security experts for security experts to prevent, detect, and respond to continuously evolving and diversifying threats.