Too often, boards overestimate their company’s cybersecurity preparedness—and how well they, as directors, are guiding it. Consider the results of a recent survey of 151 executives we conducted to better understand how boards deal with cybersecurity. While 71% of executives felt cyber funding was adequate (49%) or high (21%), only 39% characterized their board’s “understanding of cybersecurity opportunities and risks” as proactive, and only 31% selected “innovator” or “early adopter” as best reflective of their organization’s cyber readiness.