The Role of the Board in Effective Risk Assessment
The growing sophistication of cybercrime is making it a necessity for companies to discuss its challenges and defense methods regularly at the board level. The results of an attack may involve refusal of an insurance company to pay, the potential for class action lawsuits, infections that penetrate too deep into the IT system to be removed, and violation of data protection rules. Boards and directors must approach cybersecurity as an enterprise-wide risk management issue. They must embrace their organization’s cyber risk appetite and understand the types of internal and external threats the company faces.
An experienced CAP certified professional helps guide directors by blending their education and experience with a capacity to communicate clearly and authoritatively. Directors and board members have the responsibility to understand the true nature of cyber as it applies to their company and the ecosystem in which it works. A certified CAP professional is there to help them do just that.
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