A cybersecurity compromise can cause a lot of damage to a business. It is crucial that board members prioritize cybersecurity and take it seriously.
Cyberattacks, data breaches, and ransomware are increasing in frequency and cost. This is a serious corporate governance issue that affects every business and organisation. In a recent insight report, directors named cybersecurity as one of the most significant risks they confront.
The issue is that often the top management of a business, including its board, does not have a clear understanding of how to reduce security risks and safeguard sensitive data. This is due to an inequities between the boardroom and information technology professionals.
This is why it’s crucial to ensure that the boardroom is provided with secure channels to get crucial information. LBMC provides a range of products to ensure that the information shared in a boardroom stays there. For instance, RF-window films can prevent eavesdropping and electronic data theft in conference rooms. In addition our privacy window films are a great choice for offices and other workplaces.
When it comes to discussing cybersecurity with the boardroom, CISOs have https://greatboardroom.com/does-your-board-need-an-entrepreneur/ to present their thoughts in a way that is clear to the board and management team. They must be able explain the magnitude of risk and explain how they can prioritize investment to reduce the risk. They should stay clear of “geekspeak” and present a risk-based approach to cybersecurity. This method of quantification provides the management and board with a structure to make informed strategic decisions.
