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Building a Cyber Resilient Business

You're reading from   Building a Cyber Resilient Business A cyber handbook for executives and boards

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Product type Paperback
Published in Nov 2022
Publisher Packt
ISBN-13 9781803246482
Length 232 pages
Edition 1st Edition
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Authors (3):
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Dr. Magda Lilia Chelly Dr. Magda Lilia Chelly
Author Profile Icon Dr. Magda Lilia Chelly
Dr. Magda Lilia Chelly
Hai Tran Hai Tran
Author Profile Icon Hai Tran
Hai Tran
Shamane Tan Shamane Tan
Author Profile Icon Shamane Tan
Shamane Tan
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Toc

Table of Contents (14) Chapters Close

Preface 1. Chapter 1: The CEO Cyber Manual 2. Chapter 2: A Modern Cyber-Responsible CFO FREE CHAPTER 3. Chapter 3: The Role of the CRO in Cyber Resilience 4. Chapter 4: Your CIO—Your Cyber Enabler 5. Chapter 5: Working with Your CISO 6. Chapter 6: The Role of the CHRO in Reducing Cyber Risk 7. Chapter 7: The COO and Their Critical Role in Cyber Resilience 8. Chapter 8: The CTO and Security by Design 9. Chapter 9: The CMO and CPO—Convergence Between Privacy and Security 10. Chapter 10: The World of the Board 11. Chapter 11: The Recipe for Building a Strong Security Culture—Bringing It All Together 12. Index 13. Other Books You May Enjoy

Summary

In this chapter, we addressed that CFOs must recognize that the danger to cybersecurity is constant—attacks continually test the defenses of both big and small firms. CFOs must also consider the possibility they have been already compromised and are unaware of it. A perimeter of defense doesn’t exist anymore, with employees working remotely permanently or more often. This has a significant impact on business exposures and cyber risk.

CFOs and finance executives must consider cybersecurity risks and use it to reframe and reposition cybersecurity management as a strategic business risk. CFOs must assist in risk management by ensuring that an organization has appropriate resources allocated to all categories of risk management, including cyber risk.

Finance plays a critical role in risk assessment and governance throughout an organization. Cyber is one of these risks, but given the potential for monetary loss, it should be one that finance has a significant influence on.

In the next chapter, we will discuss the role of the Chief Risk Officer. This chapter will identify the biggest challenges and misconceptions currently faced when it comes to cyber risk and ERM.

You have been reading a chapter from
Building a Cyber Resilient Business
Published in: Nov 2022
Publisher: Packt
ISBN-13: 9781803246482
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