How Does Your Board Measure Cyber Resilience? – MixPoint>
– Mixpoint PR
According to the Ponemon Institute’s “The Cyber Resilience Report 2020”, the way boards measure cyber resilience is inadequate and companies need aligned board-level cyber practices to ensure appropriate risk oversight. The report highlights that 42% of board members acknowledge they lack the cyber expertise necessary to adequately assess risk. Directors are more aware and understand they are ultimately responsible for the company’s ability to guide a successful cyber resilience strategy. To ensure boards fulfill their cyber risk oversight duties, robust board-level cyber practices should be established. Cyber resilience needs to be considered by boards when making strategic decisions, such as new innovations or technologies, especially given the vast cyber risks across the global landscape. The development of board members’ understanding of cyber resilience would enable them to properly assess the cyber security risks associated with the introduction of those new technologies and services that enable them to remain competitive. Over time, this expertise would lead the board to anticipate risks ahead of time and make the right decisions to protect their assets and brand reputation. In addition to building cyber resilience knowledge among board members, companies should also consider investing in employee training and education initiatives that focus on cybersecurity best practices and risk management. By doing this, organizations can ensure their employees are adequately prepared to deal with the
Link: https://mixpoint.in/press-release/2023/06/how-does-your-board-measure-cyber-resilience/