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)

Questions to ask your CRO

The risk landscape is rapidly changing. Geopolitics, technical advancements, global economic integration, and climate change are all interrelated, which means the manifestation of one risk is more likely to trigger others.

Thus, firms that create a multidimensional strategy to detect and manage complex hazards often achieve success in their risk management goals. The following list provides some questions you can ask your CRO to ensure they are prepared to support cyber risk management:

  • Who’s at the top of your calling list? Are you in open communication with the CISO and their cyber team?
  • How are you educating yourself about cyber and ensuring you are a powerful advocate in your organization and the community?
  • As the CRO, can you agree that the current risk appetite is adequate for the organization?
  • How do you rank cyber risk compared to other risks?
  • How are we ensuring cyber risk is integrated into our ERM strategy?
  • ...