Yes, and here's why it very well may be true:

"KPMG also found that 79 percent of investors would be discouraged from investing in a business that has been hacked. The findings revealed that investors believe less than half of the boards of the companies that they currently invest in have adequate skills to manage cyber risk. Furthermore, they believe that 43 percent of board members have unacceptable skills and knowledge to manage innovation and risk in the digital world. This sentiment was mirrored in a recent KPMG survey of FTSE 350 businesses, which found that 39 percent of boards and management agreed they were severely lacking in their understanding of the area." via Antony Savvas writing at Techworld.