Strategic thought leadership for cybersecurity and risk management
Cybersecurity is the most significant non-financial risk faced by the public and private sector. It is a complex risk that market forces alone have failed to manage and a risk that governments are starting to regulate. A dynamic and unstable risk that today is poorly managed in general by public and private sector companies. Demonstrated by the frequency, complexity and severity of cyber attacks; the ability of the insurance industry to economically underwrite and mediate cyber insurance claims, and recent interventions by the US government in cyber legislation and cyber regulatory enforcement.
U.S and EU regulators are moving forward with cyber regulation, enforcing cybersecurity risk management compliance. Defining case law and setting precedence, re-affirm compliance standards to be tested in court. Enforcement actions place corporate boards and security professionals on notice that their decisions could be assessed at a future date in response to the decisions made in assessing cybersecurity risks, mitigating risks, and their response to cyber incidents.
Without well articulated and agreed governance, strategy and programs organizations will not affectively manage cyber risk and will likely waste time, money and incur legal risk trying to achieve goals they may not reach. Parava has written several papers addressing cybersecurity, risk management, strategy, governance and leadership that have been reviewed by and presented to several Federal agencies, Commissions, trade associations, public and private sector organizations.