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A nice Sunday read from the The Chartered Governance Institute UK & Ireland reviewing the top issues UK and Ireland boards see as their top priorities. Painting a gloomy picture from board members about the economy, expectations and confidence for today and the future.
Yes cyber continues to be a problem, for the fifth year cyber risk has ranked highest as a ‘very important’ drive of risk (59%), and nearly 9 in 10 directors poled thought it was a risk contributor. No surprises there.
One predicts the problem ahead for UK and Irish boards will only increase in proportion to the frequency, complexity and severity of cyber risk; the lack in available resources and the deployment of cybersecurity regulation across partner nations such as the U.S, EU and Australia.
Cyber is the most complex non-financial risk boards must deal with. If testimony from U.S and EU regulators is to be believed, board do not understand cyber risk, or have put in place appropriate governance, oversight and assurance over cybersecurity risk management. Demonstrated by the increase in cybersecurity risk management regulation.
@Thaddeus Dziekanowski Brian D. McCarthy Faisal Khan
Veritas GRC Senebria
#cybersecurity #cyberriskmanagement #cybergovernance
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