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)

The World of the Board

A board of directors’ essential role, whether it serves a publicly listed company, a privately owned firm, or a not-for-profit organization, is to offer leadership and governance to enable an organization to fulfill its objectives and purpose. Board members function as fiduciaries or legal advisors to the organizations, instituting solid ethical and legal governance and financial management procedures. Additionally, they often are responsible for fundraising and advocacy for the organization.

Commonly, boards are made up of non-executive and executive directors, led by the board chairperson. The board is jointly accountable for the company’s performance and governance. It assigns day-to-day operating responsibilities to the CEO. They are aided in their efforts by an executive committee and other committees, including but not limited to the audit committee, risk committee, nominations committee, and remuneration committee. The board should conduct...