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)

Reporting to the board (an add-on for CISOs and a reference for CEOs)

Reporting to the board of directors about cyber risk should be done in plain English so that the board can quickly get a sense of what is happening within the organization. A cyber-reporting structure aligned with the business strategic initiatives or scorecard generated by the CISO may assist the board of directors in assessing existing cyber risks and tracking progress in cybersecurity.

A multi-year strategic plan, a current-year business strategy, resources, a cyber-training program, and other relevant information regarding the company’s cyber operations should all be made available to the board for a comprehensive picture of the company’s cyber activities, again in alignment with the strategic business initiatives.

According to a recent poll done by the Ponemon Institute, just 9 percent of security teams believe they are extremely successful in conveying security threats to the board of directors...