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Board Oversight of Cybersecurity in the S&P 500: Progress, Gaps, and What Comes Next

Cybersecurity oversight has quietly become one of the clearest signals of board quality—and one of the fastest ways companies can lose investor confidence. At MyLogIQ, we see governance not as a compliance exercise, but as a measurable operating advantage: the boards that structure oversight clearly, build cyber fluency, and institutionalize disciplined reporting tend to be more resilient when crises hit.

This CompanyIQ® report—covering S&P 500 proxy filings—shows a market in transition. Most companies still default cybersecurity oversight to the Audit Committee, where it competes with financial reporting and disclosure responsibilities. Meanwhile, dedicated cybersecurity committees remain rare, and cyber-skilled directors are still not the norm. These patterns matter, because structure determines attention—and attention determines readiness.

MyLogIQ’s perspective is simple: oversight is only as strong as the system behind it. That system has three pillars:

  1. Clear accountability (where cyber oversight lives and how it escalates),
  2. Real capability (cyber fluency in the room, not just on paper), and
  3. Operational cadence (quarterly briefings, incident escalation, and independent validation).

Boards don’t need to become technical teams. But they do need to govern cyber risk with the same rigor they apply to financial controls: defined roles, repeatable processes, transparent disclosure, and evidence of preparedness. As regulatory expectations rise—and as AI risk begins to follow the same oversight trajectory—boards that modernize now will be the ones that protect value later.

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