The Role Of Boards In An Age Of Data Breaches And Cyber Crime
Most boards are cognizant of market, competitive and management risks, but very few boards see cybersecurity as an area in which they need to exercise oversight.
Most boards are cognizant of market, competitive and management risks, but very few boards see cybersecurity as an area in which they need to exercise oversight.
Every year, Corporate Board Member and Spencer Stuart collaborate to survey directors of publicly traded companies to check their pulse on the challenges and best practices of corporate directorship.
Corporate boards, upon learning of a cybersecurity breach or a deficiency in company practices and procedures, should consider proactively hiring an independent monitor to improve cybersecurity practices.
Gone are the days of passing the cybersecurity buck solely to the CISO, CIO or the IT department, it is now widely accepted that boards of directors must take responsibility for their companies’ cybersecurity.
The concern over cybersecurity and data breaches is understandable given the virulence of such attacks in recent months.
In part 1 of our 2-part interview, Corporate Board Member caught up with Chertoff to talk about cyber threats and what business leaders should be focusing on in cybersecurity.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.