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Board Governance10 min read

Board Cyber Risk Oversight: What Directors Need to Know

SEC rules now require board-level cybersecurity disclosure. Here's what to actually track.

By Richard Ewing·

The SEC Mandate

Since 2024, public companies must disclose material cybersecurity incidents within 4 business days and describe board oversight of cyber risk annually.

Board dashboard should include: security posture score (aggregate risk), open critical vulnerabilities (count + age), incident history (last 12 months), security investment as % of IT budget (benchmark: 10-15%), insurance coverage vs. estimated breach cost, and compliance status (SOC 2, ISO 27001, etc.).

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Published Work

This article expands on ideas from my published work in CIO.com, Built In, Mind the Product, and HackerNoon. View published articles →

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Richard Ewing

The Product Economist — Quantifying engineering economics for technology leaders, PE firms, and boards.