How boards can enhance their cybersecurity knowledge: Six strategies to protect your organisation fr
How boards can enhance their cybersecurity knowledge: Six strategies to protect your organisation fr
Cybersecurity incidents are not only increasing in frequency, but also in cost. In fact, the global average cost of a data breach in 2024 is $4.88 million, which is a 10% increase from 2023. It’s also the highest cost to date. Of course, financial repercussions are not the only cost organisations face when they deal with a cybersecurity incident — as reputational and operational damages can also cripple the business.
Board members must play an active role in mitigating and preventing cyber-attacks. However, only 12% of S&P 500 companies have a current or former board member that is a cyber expert. This knowledge gap may be hurting your organisation now and in the future.
How can you ensure your organisation doesn’t end up in the latest cybersecurity breach news cycle? It starts with asking the right questions.
Technology capabilities have grown significantly over the years, empowering organisations to operate more efficiently and drive expedited outcomes. As technology becomes increasingly intertwined with business objectives, board members need to evaluate technology decisions in the same way they evaluate strategic business decisions. Just as the board guides an organisation’s business direction, it is also now responsible for ensuring that the correct technology elements are enabled to support the business strategy and the right level of cyber risk tolerance is achieved and managed. Continue reading...
Board members must play an active role in mitigating and preventing cyber-attacks. However, only 12% of S&P 500 companies have a current or former board member that is a cyber expert. This knowledge gap may be hurting your organisation now and in the future.
How can you ensure your organisation doesn’t end up in the latest cybersecurity breach news cycle? It starts with asking the right questions.
Technology capabilities have grown significantly over the years, empowering organisations to operate more efficiently and drive expedited outcomes. As technology becomes increasingly intertwined with business objectives, board members need to evaluate technology decisions in the same way they evaluate strategic business decisions. Just as the board guides an organisation’s business direction, it is also now responsible for ensuring that the correct technology elements are enabled to support the business strategy and the right level of cyber risk tolerance is achieved and managed. Continue reading...