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

In this chapter, we managed to decode many of the expectations for a CISO, their priorities and challenges. From technical security to a seat at the table and often limited funding, CISOs do not have an easy path to building a cyber-resilient business. While a technical leader in some cases, a CISO oversees cyber-risk management. This includes first understanding the company’s exposures and then quantifying potential financial losses to understand and prioritize mitigative initiatives and risk transfer. The mitigation needs to encompass controls for people, processes, and technology and not focus solely on IT.

Nowadays, due to the extensive threats of cyberattack and massive adoption of technology solutions, companies vary in their efforts to measure their cyber-risk exposures. Some do not have any visibility into cybersecurity. Others limit it to their IT environment. This represents a major challenge for a CISO who needs to understand the broader business environment...