In brief: Cybersecurity is now a major tactical and enterprise risk matter that affects how companies operate, innovate, and produce worth. Several attributes integrate to make the nature of the risk specifically formidable: its complexity and speed of advancement, the potential for significant monetary, competitive, and reputational damage, and the reality that total defense is an unrealistic goal.
The NACD Director’s Handbook on Cyber-Risk Oversightconcentrates on 5 core principles that use to boards of public companies, private business, and nonprofit organizations of all sizes and in every market sector. The Handbook was the first non-government resource to be featured on the U.S. Department of Homeland Security’s US-CERT C3 Voluntary Program website.
How directors can utilize this resource:
- Find out foundational principles for board-level cyber-risk oversight that have actually been vetted and praised by cybersecurity leaders in the public and economic sectors.
- Gain insight into concerns including how to designate cyber-risk oversight duties at the board level; legal implications and considerations connected to cybersecurity; how to set expectations with management about the organization’s cybersecurity procedures; and ways to improve management reporting on cyber concerns.
- Apply and personalize an extensive collection of tools to enhance and enhance conference room practices. Tools focus on specific components of cyber-risk, such as expert risks, third-party exposure, M&A due diligence, and effective risk disclosure.
A lot of pertinent audiences: Board members of public business, personal business, and not-for-profit organizations, as well as executives who engage with the board on cybersecurity-related matters.
For more information on our online Cyber-Risk Oversight Course, click on this link.