A cybersecurity breach could cause a lot of damage to a business. Therefore, it’s essential that the board members be aware of cybersecurity and make it a priority.
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Cyberattacks, data breaches, and ransomware are growing rapidly in frequency and cost. This makes them a major corporate governance problem that affects every business and organisation. In a recent study, directors rated cybersecurity as one of their top risk areas.
The issue is that a company’s leadership, including the board, usually lacks an understanding of how to reduce security risks for information and how to protect sensitive information. This is the result of a gap between the boardroom and IT professionals.
It is crucial to ensure that the boardroom has secure methods to access vital information. LBMC offers several products that can ensure that what’s said in the boardroom stays there. RF window films, for example, can deter electronic data theft and eavesdropping during meetings within a conference rooms. In addition our privacy window films are a good choice for offices and other workspaces.
When it is time to discuss cybersecurity with the boardroom, CISOs need to communicate their ideas in a way that is palatable to the management and board team. They must be able to articulate the magnitude of risk and explain how they can prioritize investments to minimize the risk. They should steer clear of “geekspeak”, instead, they should provide a risk based approach to cybersecurity. This method of calculating risk gives the board and management team with a basis for making informed strategic decisions.
