With technology evolving at warp speed, corporate directors are ratcheting up oversight of IT risk, with one problem: They admit their technology know-how could use some brushing up.

The explosion in the number of apps for smart phones and tablets, the growing influence of social media and other on-line tools, and the growing threat of cyber attacks are compelling directors to take a more proactive approach to understanding IT risks. “Board directors are taking their fiduciary responsibilities seriously, and that is reflected in the increased time they're spending on this topic,” says Ellen Richstone, a board member at OPEXEngine.

According to a ...