Board - level involvement in cybersecurity spending has increased following high - profile GDPR ##s , according to a survey by Clearswift . Of the senior decision - makers at financial institutions asked , 32 % of recent fines against British Airways and Marriott International were the main factor in higher interest in IT spending and in larger budgets for cybersecurity . The fact that executives are taking risks suggests that the hefty fines are having the desired effect , as executives seek to boost their awareness of financial issues to avoid being financially penalised .
Board-level involvement in cybersecurity spending has increased following high-profile GDPR fines, according to a survey by Clearswift. Of the senior decision-makers at financial institutions asked, 32% said recent fines against British Airways and Marriott International were the main factor in higher interest in IT spending and in larger budgets for cybersecurity. The fact that executives are taking notice demonstrates that the hefty fines are having the desired effect, as companies seek to boost their awareness of cybersecurity issues to avoid being financially penalised.