In response to rising cyber threats and regulatory pressure, board-level cyber GRC has become a top priority for financial institutions, now ranking as the second-largest cybersecurity spending area for 2025. The report highlights the need for improved board oversight, citing high staff burdens and poor risk visibility as key challenges. Chief Risk Officers are the main champions and budget holders, with CISOs close behind. Boards must enhance cyber expertise to meet disclosure expectations, especially under SEC rules. This shift presents a major growth opportunity for vendors delivering effective, board-oriented cyber risk solutions.

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