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)

Summary

Managing cyber risk is difficult for almost every firm and its board of directors. Cybersecurity is a sophisticated technological field in which new threats emerge almost weekly. Despite the fact that most board members are not cyber professionals, boards of directors have a duty to recognize and monitor this risk. This requires active participation with leadership and access to experts, as well as comprehensive information and reporting from an organization’s upper management.

Specifically, boards of directors want to know whether management is focusing on the appropriate cyber risks, how management manages those risks, and whether the efforts are sufficient. This begins with gaining an overview of a company’s cyber-risk management program as well as its cyber-risk tolerance.

Furthermore, some boards have determined that cybersecurity is a risk that requires the oversight of the whole board, rather than a specific committee. Whatever the case, if supervision...