Book Image

Building a Cyber Resilient Business

By : Dr. Magda Lilia Chelly, Shamane Tan, Hai Tran
Book Image

Building a Cyber Resilient Business

By: Dr. Magda Lilia Chelly, Shamane Tan, Hai Tran

Overview of this book

With cyberattacks on the rise, it has become essential for C-suite executives and board members to step up and collectively recognize cyber risk as a top priority business risk. However, non-cyber executives find it challenging to understand their role in increasing the business’s cyber resilience due to its complex nature and the lack of a clear return on investment. This book demystifies the perception that cybersecurity is a technical problem, drawing parallels between the key responsibilities of the C-suite roles to line up with the mission of the Chief Information Security Officer (CISO). The book equips you with all you need to know about cyber risks to run the business effectively. Each chapter provides a holistic overview of the dynamic priorities of the C-suite (from the CFO to the CIO, COO, CRO, and so on), and unpacks how cybersecurity must be embedded in every business function. The book also contains self-assessment questions, which are a helpful tool in evaluating any major cybersecurity initiatives and/or investment required. With this book, you’ll have a deeper appreciation of the various ways all executives can contribute to the organization’s cyber program, in close collaboration with the CISO and the security team, and achieve a cyber-resilient, profitable, and sustainable business.
Table of Contents (14 chapters)

Understanding cybersecurity challenges, organization, and reporting

Cybersecurity is a young and emerging profession. That is one reason why it is not fully understood or taken seriously by many C-level executives. While many CEOs and board members have extensive cross-functional experience in accounting, finance, marketing, or HR, few have much cybersecurity experience. As a result, cyber risks are not commonly understood in boardrooms. Many companies leave cybersecurity to the organization’s Chief Information Officer (CIO)/Chief Technology Officer (CTO), and cyber risk management is perceived as a cost confined to the IT department where it must compete for resources/budget against new initiatives for revenue generation, profit increase, customer acquisition, and so on.

A Chief Information Security Officer (CISO) who is responsible for the confidentiality, integrity, and availability of data often reports to a CIO or CTO. While this structure is common, it has proven...