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 interests in cybersecurity

Cyber risk should not be considered in isolation, and cyber-risk data should not be presented as random numbers or lists when discussing it with the board. Management must clearly communicate to the board how one risk impacts another risk, including cyber, so all parties can effectively formulate a solution, rather than creating confusion and disinterest.

The capacity to demonstrate how cyber risk is interconnected with other risks is just as critical as the ability to demonstrate how cyber-risk mitigation measures are succeeding. In turn, this can assist the board in prioritizing expenditures on mitigation efforts, understanding the actual return on such investments, and recognizing the value the CISO brings to the organization by developing programs and providing tangible insight into which initiatives are successful and which are not. This enables you and the board of directors to assess whether initiatives are having an effect and...