A cybersecurity breach can be devastating to a company. It is therefore important that board members prioritise cybersecurity and take it seriously.
Cyberattacks, data breaches and ransomware are rising in frequency and cost. This makes them an important corporate governance issue that affects every business and organisation. In a recent insight report directors identified cybersecurity as one of the top threats they have to deal with.
The issue is that business’s top management, including its board, is often not equipped with a clear knowledge of how to minimize security risks to information and protect sensitive information. This is because of a lack of communication between boardrooms and IT professionals.
It is vital to ensure that the boardroom is protected ways to obtain vital information. LBMC provides a variety of products that can help to ensure that information spoken in the boardroom stays there. RF window films, for instance, can help prevent electronic data theft and eavesdropping during meetings within a conference room. In addition, our privacy window films are an excellent option for offices as well as other workspaces.
When it is time to discuss cybersecurity in the boardroom, CISOs need to present their ideas in a way that is clear to the management and board team. They must be able to communicate the magnitude of risk and how they can prioritize investments to minimize it. They should steer clear of “geekspeak” instead, they should provide an approach based on risk to cybersecurity. This method of quantification provides management and the board with a framework for making informed strategic decisions.