Cybersecurity is a major concern of nation-states.

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Cybersecurity is a major concern of nation-states. The lack of cybersecurity risk management has spilled over in the UK this week, as the UK government sent out a Dear CEO letter to CEOs and Chairs of UK companies. Asking boards to take responsibility for the management of cybersecurity risk.

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The risk of cybersecurity has been raised by the Swedish Government as a major risk and risk to national security. Geopolitics is creating hybrid risks that include cyber and kinetic warfare. Sweden’s economy relies on digital payments for 90% of transactions, and a failure of CNI and Financial services in the country has the potential to bring the economy to a halt. A failure in CNI and Financial systems creates fear and can create panic.

The banking system is a prioritized area for the Russians,” Marcus Murray said. They understand how much damage that does to society.”

As an economy covered by EU NIS 2 and DORA, one suspects Sweden is moving quickly to implement cybersecurity risk management across CNI and FIs to protect national and economic security. Requiring a proactive approach to cybersecurity, with board governance, oversight, and assurance being a requirement, along with cybersecurity risk management and incident reporting.

Maybe adopting the UK government’s approach of paper and pen is a place to start?

https://lnkd.in/ep8nxSMJ

@Thaddeus Dziekanowski Brian D. McCarthy Faisal Khan Bryan Foss Dr Florian Meier

Veritas GRC

#cyberriskmanagement #nationalsecurity

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