Cyber Security and the Board of Directors
Recent high-profile, high-impact cyber breaches at some of the largest companies in the U.S. have highlighted the fact that boards of directors need to take an active role in the management of cyber risk. This white paper offers the Delta Risk perspective on board of directors responsibilities in cyber security and how boards, particularly those of financial services firms, should engage in managing cyber security risks, particularly in four key areas:
- Providing for cyber security training specifically for board members
- Incorporating cyber security into the Statement of Risk Appetite
- Integrating cyber security with enterprise risk management
- Establishing a culture of cyber security throughout the organization.
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