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)

Cybersecurity considerations for a CEO’s first month

With so many pressing issues requiring their attention, many newly appointed CEOs overlook the importance of cybersecurity in their first month or even first year on the job. That is a mistake.

A newly appointed CEO needs to ensure a CISO and their team are in place and working effectively while becoming familiar with the organization’s cyber risk posture, from its cyber risks and risk appetite to risk tolerance. Unfortunately, threat actors and cyber risks will not wait until a CEO is ready. Some cyber criminals may also view a leadership change as an opportunity to attack if they believe an organization is unprepared. This also concerns mergers and acquisitions. A cyber disaster could ruin a CEO; a cyber event leading to significant data loss, data theft, or business interruption may jeopardize the CEO’s reputation, position, career, revenue, and operations.

A newly appointed CEO should prioritize reviewing...