As the cybercrime industry is becoming more sophisticated, CISOs need to streamline their communications with board members pertaining to cybersecurity to make more strategic Security decisions.
Cybersecurity is no longer a responsibility of the SecOps teams; it has become a job for everyone in the workforce to secure their business network. It is crucial to have streamlined cybersecurity communications with the board members, employees, vendors, and clients. The majority of the board members do not actively participate in security operations, which should not be the case because they play a crucial role in the enterprises’ security posture. CISOs should consider bridging the gap by streamlining the cybersecurity communications in the boardroom.
Following are a few strategies that CISOs can consider to engage the boardroom to make collaborative strategic changes to strengthen the security posture:
Design and implement strategies and security governance policies
The boardroom during cybersecurity discussions should consider being risk-oriented in the context of digital decisions with a wide understanding of cybercrime without getting drifted by operational needs. Getting more clarity on the enterprise’s approach to mitigate the risks related to various assets and their value with response strategies in place to recover from the disaster is essential.
Streamlined communication with board members related to cybersecurity, considering all the risks and potential impact on cashflows, will help to make necessary changes.
Also read: Three Best Practices to Identify Cybercrime in a High-Risk Environment
Enhance the cybersecurity expertise of the board members enabling them to ask more questions
One of the most significant reasons for less interference from the board members in the security operations is the lack of expertise in the area. Establishing a baseline in the boardroom that helps all the members get a brief idea of the issue in every aspect will help CISOs to streamline the cybersecurity communications in the boardroom. Involving external cybersecurity experts, consultants, and auditors in crucial decisions will help to develop board-level expertise in a particular area.
Aligning cybersecurity risks with business outcomes and objectives
CISOs need to develop a tailor-made cybersecurity approach that fits their organization’s security requirements based on their business type and nature. To streamline cybersecurity communication in the boardroom, CISOs should consider elaborating the business risks on daily operations to minimize the gap. Setting parameters to how the risk should be measured for various vulnerabilities and exploits in terms of business objectives. There are no industry-set parameters that CISOs globally are using to track and evaluate their cyber threats and risks. Implementing parameters that align with the business outcomes and objectives will help the CISOs to make a better stand in the boardroom.
Determining the board’s priorities
Board members need to understand the financial and legal aspects related to the cybersecurity threat. For them, their primary concerns circle around the business continuity risks of a data breach, ransomware attack, or any other infiltration approach. Moreover, they expect more clarity on what cybersecurity protocols, postures, and tools are implemented to identify and mitigate threats to the business network. CISOs should consider determining the board’s cybersecurity priorities to shape the security measures accordingly to resonate with the business goals and vision. It is crucial to evaluate the cybersecurity measurements that make sense to the board members.
Also read: Four Ways to Keep Enterprise Running During a Ransomware Attack
Align the cybersecurity boardroom communication with regulatory requirements
Governing authorities globally are evolving their cybersecurity rules and regulations to maintain data privacy and user confidentiality. CISOs should consider creating awareness of the cybersecurity risks and legal implications of it to improve transparency in the matter. Moreover, they need to consider all the regulatory bodies that are applicable to the business and streamline cybersecurity communication accordingly to improve the decision-making process. This approach is one of the most effective ways to deliver the cybersecurity risk implications in the boardroom.
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