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A great article from HBR, highlighting what boards need to do in setting the cyber risk agenda. Building cyber governance, audit, risk assessment and the need to focus to outcomes such as the risk appetite, customer, shareholder and regulatory expectations.
For me it’s also about defining the inherent risk profile from the perspective of what cyber costs in the event of an incident. Then working backwards to identify what you should do in line with your risk appetite. To prevent it from happening, and calculating the residual risk.
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