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 the world of the board

In this information age where most organizations are connected to the internet and dependent on information technology and information systems, a cyberattack could easily result in an organization suffering irreparable damage to its reputation, trust, and brand. Cyberattacks disrupt business operations and have a real financial cost. Put simply, a successful cyberattack is highly likely to cause complete disruption to the business and has the potential to put it out of business.

Nonetheless, many firms fail to prioritize cyber risks in the boardroom, resulting in concerning gaps in their cyber-risk evaluation and mitigation. As public and investor awareness of cybersecurity concerns grows, boards increasingly are compelled to commit more time and resources to manage their cyber risk. By adopting a more proactive stance at the board level, firms may embrace the opportunity to enhance their cyber-risk management, expand their access to capital...