Corporate boards have come to realize that cyber risks are an enterprise-wide risk management issue
Cyber attacks and data leakage are daily threats to organizations globally, reminding us that we are all potential targets of this type of threat. Attorneys are discussing the potential risk of individual liability for corporate directors who do not take appropriate responsibility for oversight of cyber security.
The process for closing that gap should not be a mystery. Taking a proactive approach to improving cyber security governance - the dots between IT and the business, and providing the board with the information it needs - can help position the company and the board to more selectively address the evolving threat and implications of a major cyber security breach.