Cyber risk is viewed as a present and obvious risk, board members have to be aware of the risks facing their company to guide the company on the most secure route. But it’s not always straightforward.
Cybersecurity has traditionally been a sphere dominated by technologists in remote server rooms. After the massive security breaches such as Equifax and Colonial Pipeline, however, it’s been made evident that cyber security is an obvious and current business risk that impacts every aspect of an enterprise.
Boards are now demanding more from their CISOs, and their security teams. In addition to spending more on new technology or making sure that staff receive proper training Board members need a clear and compelling vision of how a well-trained security team can guard against the most sophisticated threats. And this message should be communicated in a manner that is easily understood by non-technical boardroom executives.
A good way to do this is to make sure that security goals are aligned with the business objectives and use real-time metrics. By providing regular communications that show the evolution of your security measures, a decreasing risk index, and other crucial indicators, you can provide the board the information they need to drive the decision-making process. Create a narrative instead of simply passing on numbers. You can show your board how their quick actions averted an important threat by presenting a true life-like example.
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