Fear and a sense of urgency are among the most powerful forms of human exploitation when it comes to cybersecurity, and this was evident in the early days of COVID-19. With the severity, frequency and number of attacks rising exponentially, there is a need for urgent reset in the Cybersecurity Strategies that organisations are working with.
In a Dark Reading post, Art Coviello, former RSA president & CEO, and board member at a financial services company and multiple technology companies said, “while all board members don’t need to be cybersecurity experts, they do need to be able to interpret risk metrics regarding cybersecurity, just like they do when understanding sales, operations, and finance. Only when there is an understanding of the risks can boards provide the most appropriate oversight and governance. The cybersecurity leaders that are most successful at their jobs and at interacting with the board are highly technical. But they are also true corporate executives. They must have or develop business skills.”
While many of these orgs are on the progressive path to attain a strong Cyber Resiliency, there is a lot that needs to be done.
DynamicCIO Enterprise Innovation Summit (#EIS2021) featured Rinki Sethi, VP & Global CISO of Twitter in conversation with Burgess Cooper, Partner, Cybersecurity EY India on a topic: Innovations in Cybersecurity: Will boardrooms Pay More for Security?
Some of the key points they touched upon were:
- Whether the company boards will allocate more budgets for Cybersecurity?
- What makes CISO emerge as a stronger leader than before?
- What are the best practices to be followed?
- How to avoid uncalculated risk
- How clear communication is super critical
- How does the position of security and privacy merge somewhere?
- Emergence of Privacy Engineering
- Importance of identifying all stakeholders and taking them into confidence
Listen in…
P.S: This conversation is a part of the DynamicCIO Enterprise Innovation Summit 2021 (#EIS2021) concluded later last month.