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)

The challenges CHROs face with cybersecurity

At one of Australia’s largest law enforcement agencies, when an employee requests annual leave, their manager receives an automated email notification that asks them to click on an embedded link to approve the leave application.

This process contradicted the information security training that advised staff against clicking on links in emails. Phishing emails sent by malicious actors asking staff to click on links to malicious code or websites are one of the most common, simple, and cost-effective methods used by criminals to gain access to corporate information.

When it was identified by the CISO and communicated to the IT department that managed the HR information system, it became clear that HR had themselves defined the requirements and the process that IT implemented. HR objected to changing this process because it would make it harder for managers. IT objected to changing the system because there would be a cost to change...