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A cybersecurity breach could be a disaster for a business. Therefore, it is imperative that board members prioritize cybersecurity and take it seriously.

Cyberattacks, data breaches and ransomware are increasing in frequency and cost. This makes them a major corporate governance problem that affects every company and business. In a recent report on insight directors identified cybersecurity as one of the most significant risks they confront.

The problem is usually that the top management of a business as well as its board lacks a clear grasp on how to reduce security risks and safeguard sensitive information. This is due to a gap between the boardroom and IT professionals.

This is why it’s crucial to ensure that the boardroom is provided with secure ways to receive important information. LBMC provides a variety of products to help ensure that information spoken in a boardroom stays there. For instance, RF window films can ward off eavesdropping and electronic data theft in conference rooms. Our privacy window films are a great choice for offices, as well as other workspaces.

When making presentations to the boardroom regarding cybersecurity, CISOs need to make use of language that can be easily understood by the board as well as the management team. They must be able to articulate the magnitude of risk and show how to prioritize investment to mitigate the risk. They should stay clear of “geekspeak” and provide an approach to cybersecurity based on risk. This https://greatboardroom.com/recommendations-on-being-a-better-nonprofit-board-member/ quantification method provides the management and the board with a basis to make informed strategic decisions.

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