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No matter if it’s the SEC Final Cyber Rule, EU NIS 2 or DORA boards are required to demonstrate their oversight, assurance and to attest cybersecurity risks. Material or otherwise. That requires robust governance over cybersecurity risk management.
No single function can be held solely responsible for the management of cyber risk, oversight and assurance. Frameworks or models do not deliver perfect oversight, assurance and attestation of risk management. However the Bank of International Settlements 3 Line of Defence framework has been adopted by banking regulators, and provides an holistic framework to coordinate those that manage risk, with those that oversight risk and those that assure risk. Providing boards with clarity over corporate risks.
Here Veritas GRC and Schellman discuss the need for an holistic model to coordinate cybersecurity risk management and board governance. Creating a board education program to meet the needs of cybersecurity risk management regulatory compliance.
@Thaddeus Dziekanowski Brian D. McCarthy
U.S. Securities and Exchange Commission, European Union Agency for Cybersecurity (ENISA), European Union Agency for Cybersecurity (ENISA) European Commission, Office of the National Cyber Director, The White House, European Parliament, U.S. Cyberspace Solarium Commission, The Institute of Internal Auditors Inc., ECIIA | European Confederation of Institutes of Internal Auditing, Federal Bar Association, International Security Journal (ISJ)
#cybersecurity
#cyberriskmanagement
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