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US CEOs Are More Worried About Cybersecurity Than a Possible Recession (fortune.com)
With markets uncertain, many onlookers might think a recession is on the way, whether that's most CFOs in the world or voters in the United States. But domestic CEOs don't find heavy economic headwinds their biggest external business worry, according to a new survey by the Conference Board. Instead, it's cybersecurity followed by new competitors. Risk of a recession is third. From a report: After high-profile data breaches experienced over the last two years by such companies as Marriott, Equifax, and Uber, that might seem understandable. But U.S. CEOs stand in stark contrast to those of the rest of the world. Cybersecurity was the sixth most pressing issue for chief executives in Europe. It was seventh in Latin America, eighth in Japan, and 10th in China. Regarding concerns over a potential recession, Europe put that in second place, while Japan, China, and Latin America all rated it number one.
Their arses are covered for a recession by golden handshakes/parachutes... A cyber security breach may lead them to being dismissed without their full payment.
This makes sense. If a company loses money in a recession, it is not the CEO's fault. One person didn't cause the recession, and the best a company can do is have enough financial cushion to ride it out. But a breach is preventable, and the buck stops with the CEO, so they should be held accountable.