Why Executives Underestimate Cyber Risk Until It’s Too Late
Despite the growing number of high-profile cyberattacks reported in the news, many business leaders fail to recognize the severity of cyber risk until a breach occurs. This approach can result in significant financial, operational, and reputational damage. While technology teams are aware of evolving threats, executives often treat cybersecurity as a technical issue rather than a strategic business risk. Bridging this gap is crucial for organizations aiming to remain resilient and prepared in a rapidly changing digital landscape. Cybersecurity Is Often Viewed as a Technical Problem One major reason executives underestimate cyber risk is that it is frequently framed as an IT concern. Technical teams handle firewalls, endpoints, and intrusion detection, whereas executives may focus on revenue growth, operational efficiency, or business expansion. Because executives rarely experience cyber threats directly, they often perceive them as abstract or less urgent. When cybersecurity is disc...