A cybersecurity breach can be a disaster for a business. Therefore, it is imperative that board members consider cybersecurity as a top priority and take it seriously.
Cyberattacks, data breaches and ransomware are increasing in frequency and cost. This makes them a crucial corporate governance issue that impacts every business and organization. In a recent insight report directors cited cybersecurity as one of the top risks they have to deal with.
The issue is usually that the company’s leadership and its board lacks a clear understanding of how to reduce security risks and safeguard sensitive information. This is due to a gap between the boardroom and information technology professionals.
It is crucial to ensure that the boardroom is secure methods to access vital information. LBMC offers a range of products that can help ensure that the information shared in a boardroom stays there. For instance, RF-window films can prevent eavesdropping and electronic data theft during conferences. Additionally, our privacy window films are a suitable option for offices as well as other workplaces.
When making presentations to the boardroom on cybersecurity, CISOs have to make use of language that can be easily understood by the board as well as the management team. They must be able to clearly describe the severity of the threat and illustrate how to prioritize the investments necessary to mitigate the risk. They should avoid “geekspeak”, and instead offer a risk based approach to cybersecurity. This method of quantification provides the board and management with a structure to make informed strategic decisions.