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Retailers are starting to wake up to the threat that cyber attacks pose to their operations, following the M&S, Coop and Harrolds cyber attacks. The attacks have demonstrated that challenges cyber poses UK industry, as shoppers found empty shelves across M&S and Coop stores and suppliers to both retailers highlighted they are working with pen and paper as M&S and Coop operations and logistics were affected. Cyber is a well documented and expensive threat and there’s little reason why it’s not a risk on the top of the board agenda every month or quarter; until the board can demonstrate appropriate governance.Cyber is a major issue for the retail trade, that is often under resourced to manage cyber risk. Boards of retailers need to clearly understand and manage cyber risk as one of their biggest risks. Managing oversight and assurance of cyber risk across their enterprise and down into their supply chains. Veritas GRC starts its’ Board Governance over cyber risk program in the coming months in Dubai. Informing the legal profession and board General counsel how to oversight and assure cyber risks with their boards. A program that we have written to address compliance to EU NIS 2, DORA and the SEC final cyber rule.@Thaddeus Dziekanowski Brian D. McCarthy Faisal KhanVeritas GRC Marks and Spencer#cybersecurity #cyberriskmanagement #cyberregulationhttps://lnkd.in/eiZjdMRC
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