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 have seen the importance of the CPO and CMO in building a company’s cyber resilience, as well as their roles during a data breach incident. A data breach could tarnish any company’s reputation permanently, and the reputational damage might be more difficult to recover from than monetary losses. It may result in customer churn and revenue losses. Potential new clients will be turned off by tainted Google searches and constant unfavorable coverage in the media.

A data breach is a long-term problem rather than just a single incident. It requires appropriate data protection and a proper data breach response in case of an incident. To achieve those results, collaboration between various CxOs is critical and remains at the core of successful preparation and recovery. From the CEO to their executive team, everyone in an organization needs to understand their role and collaborate with each other.

The next chapter addresses the key success factors...