BOARD CYBER SECURITY RECOVERY PLANS
To provide proper oversight and comply with the regulatory environment, board members are going to have to up their cybersecurity game. It’s no longer adequate to just hear about the protections put in place, or the results of the latest phishing exercise. Board members must take the position that cyber attacks are likely, and exercise their oversight role to ensure that executives and managers have made proper and appropriate preparations to respond and recover. After all, if we assume every organisation has a likely risk of being breached or attacked, and it’s not possible to be 100% protected from every attack, the most rational approach is to make sure the organisation can recover with little or no damage to operations, to the financial bottom line, and to the organisation’s reputation.
Building resiliency in an organisation requires proper oversight from the boardroom based on a clear plan built on business and economic analysis.
If your board is not well versed in the business context or financial exposure risk from a cyber attack, you will need a third-party consulting firm to conduct a cybersecurity maturity assessment, such as Business Technology Leaders. We create a productive dialogue around the business and financial impact of different investments in cybersecurity, what-ifs scenarios for investing in different levels of maturity help the board understand the financial/risk tradeoffs, provided in a language, with a and perspective necessary to perform the needed oversight of cybersecurity plans offered to the executive team. Optimising your cyber insurance policy is a way to mitigate the newly understood risk.
Our impartial, trusted Tech experts demystify technology to help you innovate and make use of the latest trends to grow through the benefits of Digital Transformation, business process efficiency, innovation and increased scalability while maintaining cyber security, without the cost or effort of recruiting a full time technology leader. If you want to know more visit https://businesstechnologyleaders.com/soln/cyber/ or contact me ([email protected]) today for a confidential and impartial discussion on how we can add value to your business.
Cyber Security & Compliance
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