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 board’s structure

The board’s structure is often determined in an organization’s constitution or a shareholders’ agreement, a legal document executed by all the parties who have a stake in the company. There are also board charters describing the firm’s governance. Good governance rules would recommend that a minimum number of independent directors also be appointed to the board to provide different perspectives, including directors who have a range of experiences in a particular subject.

Usually, the board creates different committees to evaluate specific decisions. To operate more efficiently and leverage its resources, the board could gather some of its members with particular expertise into a committee that addresses technical matters and provides points of view to the whole board to facilitate a decision. Depending on the industry, the following committees might be formed: an audit and risk committee, a regulatory committee, a remuneration...