A cybersecurity compromise can be devastating for a company. Therefore, it is imperative that board members prioritise cybersecurity and take it seriously.
Cyberattacks, data breaches and ransomware have risen in frequency and cost. This makes them a critical corporate governance issue that impacts every business and organisation. In a recent report on insight directors identified cybersecurity as one of the top threats they have to deal with.
The issue is usually that the leadership of a company as well as its board lacks a clear understanding of how to reduce security risks and protect sensitive information. This is because of a lack of communication between boardrooms and IT professionals.
This is why it’s important to provide the boardroom with secure means to obtain crucial information. LBMC provides a variety of products to ensure that the information discussed in a boardroom is kept. For instance, RF windows films can ward off eavesdropping and electronic data theft during meetings in conference rooms. Our privacy window films make an excellent choice for offices, as well as other workspaces.
When they present their ideas to the boardroom regarding cybersecurity, CISOs need to employ language that is easily understood by the board and the management team. They must be able explain the magnitude of risk and how they can prioritize investment to mitigate the risk. They should stay clear of “geekspeak”, instead, they should provide an approach based on risk to cybersecurity. This method www.greatboardroom.com/boardroom-information-security-questions-your-board-will-ask/ of quantification provides the management team and board with a framework for making informed strategic decisions.