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)

Analyzing the CRO’s key priorities

In 2022, the CRO’s priorities are moving toward innovative technologies that have seen significant shifts and changes. It is, therefore, essential to ensure that all your executives understand the business strategy and vision set by the CEO, toward which the board guides the company.

A key priority for the CRO is the need to recognize the importance of people in shaping a robust risk culture to complement all necessary mitigation activities, in alignment with an organization’s risk appetite. An organization’s risk culture drives and motivates the right behavioral outcomes from critical stakeholders. The right risk culture will also influence the right behaviors during decision-making and the ability to design and deploy effective controls. However, the aftermath of COVID-19 has also surfaced talent-related risks; large numbers of workers are choosing to leave their positions or take a step back from being “always...