The National Cyber Security Centre 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. “Cyberattacks are becoming more frequent and more sophisticated,” said Ciaran Martin, director of cyber resilience at PwC, in an interview on Tuesday.
The National Cyber Security Centre 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 annually, but a recent report by PricewaterhouseCooper revealed only 11% of top CEOs and investors believed their boards have a high level of risk understanding.