A cybersecurity breach could be devastating for a company. Therefore, it is imperative that board members consider cybersecurity as a top priority and take it seriously.
Cyberattacks, data breaches, and ransomware are rising in frequency and cost. This makes them an important corporate governance issue that affects every company and business. In a recent insight report directors cited cybersecurity as one of the most significant risks they are confronted with.
The issue is that company’s management, including the board, often lacks an understanding of how to reduce the risks associated with information security and safeguard sensitive information. This is due to a lack of communication between boardrooms and IT professionals.
This is why it’s vital to ensure that the boardroom is provided with secure ways to receive important information. LBMC provides a variety of products that can ensure that what is said in the boardroom remains there. For instance, RF windows films can stop eavesdropping and electronic data theft during conferences. Additionally, our privacy window films are a suitable choice for offices and other workplaces.
When it is time to discuss cybersecurity with the board, CISOs must be able to communicate their ideas in a manner that is easily understood to the board and management team. They must be able to communicate the severity of risk and show how to prioritize investment to mitigate the risk. They should stay clear of “geekspeak” instead, they should provide a risk based approach to cybersecurity. This method of calculating risk provides the management and the board with a framework for making informed strategic decisions.
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