The Carnegie Mellon Cylab has released a report on how boards of directors and senior management are managing privacy and cyber risks, Forbes reports. The global survey, which compares sector-specific responses, found that the energy/utilities sector had the poorest governance practices, with 71 percent reporting their boards "rarely or never review privacy and security budgets," for example. The energy/utilities sector tied with the industrial sector for the lowest percentage of cross-organizational committees on privacy and security, the report states. While the survey indicated the financial industry had the best security practices, 52 percent still indicated their boards don't review cyber insurance coverage.
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