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Why Cyber-Risk Is a C-Suite Issue
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Marc Wilczek
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Marc Wilczek,
User Rank: Author
12/27/2019 | 10:53:08 AM
Re: Cyber Risk
Thank you! I'm glad you find the article useful.
Wings2i
50%
50%
Wings2i,
User Rank: Apprentice
12/27/2019 | 10:49:17 AM
Cyber Risk
Very interesting and insightful read on the why and what of cyber risk in the current security age..
DouglasF354
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50%
DouglasF354,
User Rank: Author
11/12/2019 | 5:05:54 PM
Many perspectives
I dig that your article opens several different perspectives.

Just throwing some ideas out there:
  1. The sum of the points you reference could point toward a simpler conclusion: business executives/Board don't have confidence that increased spending on security will materially boost actual breach or impact reduction, or that it's weakly proportionate. Therefore, they save the money for response and recovery of what they perceive is the inevitable.
  2. Because of the above, it appears the Board/executives are disinterested but they are just not convinced; a classic opportunity cost scenario.

It's possible that having and doing lots of security 'stuff' doesn't necessarily mean you have lots of breach/impact protection. Perhaps security and protection are weakly correlated via today's 'regulatory frameworks'? I'm always concerned about the unintended consequences of 'more rigorous regulatory frameworks and larger fees for violations' – particularly if we made weak assumptions and actually are baking in some red herrings.

It's a neat space that we're in – the impacts matter. With our bank accounts and even our lives.

We need to get this right, or at least, a heck of a lot better.
Marc Wilczek
50%
50%
Marc Wilczek,
User Rank: Author
11/12/2019 | 3:54:27 PM
Re: But of course
The C-Suite doesn't have to be tech oriented in order to understand cyber-risks. It's one of the biggest misconceptions that cyber was an IT task. While I do agree that CxO briefings must be performed in a way that the content is easily understandable, the much bigger issue is that many corporate boards simply do not actively participate in their companies' overall security strategy.
REISEN1955
50%
50%
REISEN1955,
User Rank: Ninja
11/12/2019 | 3:35:25 PM
But of course
The C-Suite is not technically oriented, never has, never wil be therefore Cyber has to make it's case in simple and easy terms unlike IT traditionally does.  Cyber does not hang off of IT, but it supports itl.  The risk is what C-Suite has to understand.  And it should.  Presentation skill are often lacking in Cyber and IT in general. Having been in sales, and high level at that, I am familiar with the issue.  It has to be made CLEAR AND EASY to get the message across.  THEN an understanding can begin. 


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