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A great report looking at the number of boards with access to cyber resources, and the percentage of CISOs with the traits required to work in the board room. That even if half accurate paints a challenging picture for cyber regulatory oversight, assurance and compliance, forcing organizations make a decision. What is more important being a leader with board experience, or being a leader with cyber experience, as cyber regulation requires boards to address their own cybersecurity knowledge and experience. Employing cyber expertise to address the knowledge and compliance gap, as board cyber risk liability increases.
With a backdrop of a shortage of skilled cyber resources across all levels. Corporate cyber maturity demonstrated to be low. Regulation requiring organizations to address cybersecurity risk management that is different from cybersecurity. Legal and compliance risk for CISOs and boards developing through case law, and the effectiveness of cyber insurance being questionable as cyber regulation transfers cyber risk ‘Left of Bang’.
The skills required by CISOs to operate in the board room are equally as important as the skills board members need to oversight and assure cyber risk, on behalf of their organizations and regulators. Both board members and CISO legal liability will increase with increases in cyber regulation, that has not been fully tested in court.
First, build soft skills, Kakolowski said. Boards are close-knit working teams of highly talented and successful people, where the conversations are often nuanced and require a high emotional intelligence to navigate.
One suggests that while board members need and will be required to demonstrate their cyber knowledge and experience. They should be starting to plan their Organizational Design for cyber, working address the talent gap that they face, reaching out to Neil Humphreys or myself to discuss OD for cyber risk and cyber security.
Ted Dziekanowski Rachel V. Rose, JD, MBA Stephen Pitt-Walker, JD, FGIA Jamie Foster
#cybersecurity #cyberriskmanagement #cyberlaw #organizationaldesign
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