What Boards Need to Know About Tech Risk

Boards of directors often underestimate the risks associated with technology until a critical issue arises. This lack of understanding can lead to delayed or inadequate responses to technological threats. The underestimation of technology risk by boards is a notable concern. It is not clear what factors contribute to this underestimation, but it can have significant consequences when a crisis occurs. Boards may need to reevaluate their approach to technology risk to better prepare for potential issues. This reevaluation could help mitigate the impact of technological crises.