A cybersecurity breach can cause a lot of damage to a business. It’s therefore imperative that board members consider cybersecurity seriously and make it a top priority.
Cyberattacks, data breaches, and ransomware have risen in frequency and cost. This makes them a crucial corporate governance issue that affects every business and organisation. In a recent insight report directors cited cybersecurity as one of the most significant threats they have to deal with.
The issue is that a company’s leadership, including the board, is often not equipped with a clear understanding of how to reduce information security risks and protect sensitive information. This is due to a lack of communication between IT professionals.
This is why it’s crucial to provide the boardroom with secure means to obtain important information. LBMC offers several products that help ensure that what is said in the boardroom stays there. RF window films, for instance, can help prevent electronic data theft and eavesdropping during meetings within a conference room. Our privacy window films make ideal office partitions as well as other workspaces.
When it comes to discussing cybersecurity with the boardroom, CISOs should be able to present their thoughts in a way that is palatable to the board and management team. They should be able to clearly explain the magnitude of the threat and show how to prioritize the investments needed to minimize that risk. They should stay clear of «geekspeak», instead, they should provide a risk based approach to cybersecurity. This method of quantification provides management and the board with a framework to make informed strategic decisions.