This session will cover best practices for the board members and CXO for building a cyber healthy organization. While board of directors are directly not responsible for the security of the organization, the security culture, organizational structure, organization's governance model all play important role in defining the overall cyber health of an organization. The directors don’t have be technologists to guide the cybersecurity practices in the organization but they have a vital governance function, determining overall company behaviour and setting the company’s risk appetite.
The senior executives and board members need to institute mechanisms for tracking and reporting of the cyber risks and direct instituting of appropriate risk management practices. The board must further approve security policies for implementing the security. Understanding the core cyber risk management principles would help them with creation of the right policies and governance structure. When it comes to managing cybersecurity risk and building cyber resilience, senior leaders driving the business must take ownership. Board is responsible for the strategy and governance rather than tactical security implementation.
Is it possible for an organization to prevent security incidents? As Data breaches are a reality- Are you accountable? Is Making informed investment decision to improve Cybersecurity Resilience a part of the Board Responsibilities? According to the WEF ,the Cyber Resilience Principles for the Board are the following : Responsibility for cyber resilience ,Command of the subject ,Accountable officer, Integration of cyber resilience, Risk appetite ,Risk assessment and reporting ,Resilience plans ,Community, Review and Effectiveness .
The session will cover case studies
Cyber Attacks and The Corporate Duty of Care: What Can Company Boards Do To Prevent Cyber Attacks
Speaker :Prof S Raghunath, Chairman, CCGC-IIMB
Board role in overseeing Cybersecurity risk management and implementation:Case Study
Speaker: Ms Corien Vermaak, Cyber Security Specialist, CISCO, Sydney & CISCO Team
Ms Corien Vermaak
