Introduction
How much will the company lose in one day if operations are shut down by a ransomware attack? What are the chances of that happening based on current cyber maturity? When CISOs (Chief Information Security Officers) begin cybersecurity board discussions with financial exposure analysis based on real data from their company’s quarterly earnings and operating budget, a light bulb switches on and brightens the room. The Board quickly understands the impact because CISOs are speaking their language.
When trying to address cyber risk and how it aligns with the company’s strategic goals, communication challenges are no different at the highest levels of the company, especially between the CISO, the CEO, and/or the Board of Directors. Here are 10 questions Board members want CISOs to know and address at board meetings in a language they understand: numbers and percentages backed by industry data.
But there is a way to get ahead of our peers by bringing this all together through a reporting system that measures, prioritizes, mitigates, and tracks risk for all company assets. The output of these reports leads to better discussions in the boardroom that affect, direct, and align business strategy.
How can you improve communication between the Board and CISOs for alignment to manage cyber risk effectively? The National Association of Corporate Director’s (NACD) endorses X-Analytics as the preferred boardroom cyber risk reporting solution for their over 23,000 members. X-Analytics provides a living cyber and governance program that operates from day one at the speed of their business. Engage business leaders in the language they understand. Start today by scheduling a demo to answer questions and see how X-Analytics can transform your business by assigning dollars to risk.