How boards can protect their organisation from cyber threats

Focus areas and strategies to improve cyber knowledge

Cyber security incidents are increasing in both frequency and cost. Apart from the reputational and operational damage, the financial damage of a data breach is at an all-time high with an average cost of 4.88 million US dollars.

To safeguard themselves from these repercussions, board members must play an active role in risk mitigation. So how do you ensure your organisation doesn’t end up in the latest cyber security breach news cycle? 

 

In this brochure by BDO Global’s Cyber Security experts, you’ll learn how to successfully navigate today’s cyber security landscape as well as the importance of your board throughout this journey. 

In short, the next elements are being discussed: 

  • 6 focus areas for your board: As technology becomes increasingly intertwined with business objectives, board members need to evaluate technology decisions in the same way they evaluate strategic business decisions. (Regulatory compliance, governance, monitoring…) 

  • 6 strategies to increase cyber security knowledge: For boards to successfully oversee their organisation’s cyber security programme, bridging the current knowledge gap is essential. For example by establishing education, leveraging industry benchmarks, bringing in external experts… 

  • The critical role of the board in managing cyber risks: it’s the board’s duty to 

  • provide independent oversight to manage the company’s cyber security posture 

  • to challenge your organisation in different ways to raise the bar for your defence framework.

Download the brochure

Wondering how BDO can help you improve your cyber security knowledge or resilience towards cyber threats?

Contact BDO expert Sam Nelen for more information.