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Cybersecurity and the Board of Directors | part of The Cybersecurity Guide to Governance, Risk, and Compliance | Wiley Data and Cybersecurity books | IEEE Xplore

Cybersecurity and the Board of Directors

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Chapter Abstract:

The corporate board of directors has a pivotal role in managing cybersecurity within an organization. Their responsibilities encompass understanding the perspectives of t...Show More

Chapter Abstract:

The corporate board of directors has a pivotal role in managing cybersecurity within an organization. Their responsibilities encompass understanding the perspectives of the board and cybersecurity executives and addressing their expectations, challenges, and strategies for managing cyber risks. Establishing a cyber risk appetite is an important responsibility of the board. This involves determining the level of cyber risk the organization is willing to accept to pursue its business objectives. This chapter discusses the perspective of cybersecurity executives, focusing on their views on board engagement, the communication of cyber risks to the board, and alignment of cybersecurity strategy with business objectives. The board of directors plays a pivotal role in overseeing cyber risk management. Developing a common language improves communication between the board and cybersecurity executives. The chapter provides an overview of relevant guidelines and standards, applies Federal Financial Institutions Examination Council (FFIEC) insights to broader industries, and compares FFIEC with other standards on board involvement.
Page(s): 87 - 107
Copyright Year: 2024
Edition: 1
ISBN Information: