Today’s companies face a vast array of cyber risks — both known and unexpected. Some risks turn into crises that have significant implications for operations or even a company’s future. Given this setting, it’s a challenge for boards to get comfortable with addressing cyber threats appropriately — but it’s a critical responsibility. Boards frequently delegate elements of risk oversight to committees — most commonly to the audit committee. But ultimately the responsibility for cyber risk oversight resides with the full board, and each director should understand the key threats facing the company.
This module helps boards better understand the changing landscape of cybersecurity oversight, management’s role in managing crisis, and effective ways to oversee the process. It also includes insights on how boards can most effectively discharge their responsibilities when a crisis strikes.