New guidance outlines tactics for effectively communicating cyber security risk to boards
- Published: Thursday, 07 January 2021 09:03
A new paper from ISACA, ‘Reporting Cybersecurity Risk to the Board of Directors’, outlines how cyber security and risk professionals can effectively communicate with their boards of directors about cyber security and its link to business objectives.
Reporting Cybersecurity Risk to the Board of Directors provides cyber security and risk professionals with a foundational understanding of how boards of directors are structured, as well as offers guidance around how to present cyber security as a business issue—including helping boards understand their legal and regulatory obligations, the potential disruption to systems, and risk of data loss and theft. The paper also guides cyber security and risk professionals in translating information around threat intelligence, risk identification and scenario analysis, risk management, cyber risk economics and budgeting in ways that will resonate with leadership.
“It is imperative that board directors understand how cyber security risk can impact their business and how vital it is to dedicate resources to reducing that risk and building their enterprise’s cyber maturity,” says Tracey Dedrick, ISACA board chair, and former EVP and Head of ERM for Santander Holdings US. “In order for that to occur, cyber security professionals need to understand how to communicate effectively with directors and how to cultivate those relationships in order to drive that awareness and advance their security goals.”
Reporting Cybersecurity Risk to the Board of Directors is available at no cost and can be downloaded here.