A cybersecurity breach can cause a lot of damage to a business. Therefore, it’s essential that board members consider cybersecurity seriously and make it a top priority.
Cyberattacks, data breaches, and ransomware are increasing in frequency and cost. This makes them a crucial corporate governance issue that impacts every business and organisation. In a recent report on insight, directors named cybersecurity as one of the top risks they are confronted with.
The problem is that a company’s leadership, including the board, is often not equipped with a clear knowledge of how to minimize information security risks and protect sensitive information. This is the result of a gap between the boardroom and the information technology experts.
This is the reason it’s essential to ensure that the boardroom is provided with secure channels to get crucial information. LBMC offers a variety of products that will help ensure that the information shared in the boardroom remains there. For instance, RF-window films can help prevent eavesdropping as well as electronic data theft during conferences. In addition, our privacy window films are a suitable option for offices as well as other workplaces.
When making presentations to the boardroom regarding cybersecurity, CISOs should utilize language that is easily understood by the board as well as the management team. They must be able to communicate the risk’s magnitude and explain how they can prioritize investment to reduce the risk. They should stay clear of “geekspeak”, and instead offer a risk based approach to cybersecurity. This method of calculating risk provides greatboardroom.com the management and the board with a framework to make informed strategic decisions.