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)

Speaking the board’s language

When the board of directors fails to interact with critical risks, including cyber risk, to the same extent they engage with rewards and opportunities, this is referred to as board risk blindness. This certainly can be avoided if the CISO employs a proper communication strategy.

An aware and involved CEO and board of directors seek updates on cyber risk, do not treat it as a simple and small IT problem, and entrust their CISO with a cyber-risk management strategy and roadmap. The CEO and the board need to feel confident that, in the event of a breach, appropriate measures are part of the business continuity plan and disaster response plan to minimize the damage to consumers in particular and the firm in general.

Although cybersecurity has been increasingly declared a high-priority issue for many board directors (72 percent of the AICD survey respondents indicate it as so), it is interesting to note that most boards indicate they still have...