The Role of the CRO in Cyber Resilience

The Chief Risk Officer (CRO) is a senior executive responsible for the identification and assessment of business risks that may adversely impact your organization’s profitability and productivity. They champion Enterprise Risk Management (ERM) efforts by leading risk management strategies and are responsible for the risk identification and mitigation procedures. In some organizations, the CRO heads a risk committee consisting of executives from different departments, such as finance, operations, IT, sales, and HR.

The CRO’s approach to risk management has evolved with how we do business in the age of cyber threats. Risk management techniques in business have had to adapt to the fact that most companies are now technology-dependent or rely on Information Technology (IT) to run their business operations. The risk management role evolves as a business’s scope, size, and value shifts, and each category of risk (operational...