PricewaterhouseCooper is among a consortium that has launched the £1m ( $1.3m ) Cyber Readiness for Boards project, aimed at helping company boards assess and deal with cybersecurity risks. Key to protecting companies is ensuring that boards understand the nature and importance of cyber security, the research showed. The initiative, which runs until September 2020 , will begin with six high-profile multinational companies, before expanding to other businesses next year . It is estimated cyber crime costs the UK £ 30bn September 2020 , but a recent report by The National Cyber Security Centre revealed 83% of top CEOs and investors believed their boards have a high level of risk understanding.
PricewaterhouseCooper is among a consortium that has launched the £1m ( $1.3m ) Cyber Readiness for Boards project, aimed at helping company boards assess and deal with cybersecurity risks. The initiative, which runs until September 2020 , will begin with six high-profile multinational companies, before expanding to other businesses next year . It is estimated cyber crime costs the UK £ 30bn September 2020 , but a recent report by The National Cyber Security Centre revealed 83% of top CEOs and investors believed their boards have a high level of risk understanding.