This playbook proposes a series of recommendations for implementation of an effective cyber governance strategy through the following approach:
- Create tone at the top, pushing cyber security accountability to the most senior business executives, and keeping the board fully informed of the cyber risk profile and their fiduciary responsibilities.
- Maintain a comprehensive cyber risk profile, enabling the enterprise to direct limited resources towards areas of highest risk exposure, thus eliminating waste.
- Awareness of the cyber threat landscape and understanding the advanced persistent threats that need to be identified and managed
- Enabling good practices to ensure the business operates in a highly adaptive and responsive way with such a rapidly changing cyber environment
- Teach organisations to become cyber resilient through embedding cyber-risk governance into the bloodstream of their enterprises, making it an inevitable and inconspicuous part of strategic and operational decision-making, fostering transparency and accountability
- Implement lean and efficient structures that can rapidly and flexibly adapt to reflect changing market needs or business circumstances
Through these recommendations, you can expect the following benefits:
- Diffuse common tensions between security and business teams, reinforce business buy-in for important cybersecurity initiatives and promote the articulation of cybersecurity issues in business terms. Most importantly, you will be able to align the cybersecurity strategy with enterprise goals.
- Ensure senior executives are not mired in day-to-day technology operations and free up time for them to run the business and focus on the strategic aspects of cyber risk.
- Create deep and open relationships of trust, align board and management agendas,
- Give the board insight into how the board and management of how similar organisations are addressing cyber risk.
- Promote business agility and efficiency as cybersecurity teams can make risk decisions faster, balancing the need to protect critical assets and speed to market.
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