Cyber Risk – A Boardroom Agenda

Cyber risk is a critical enterprise risk that requires board-level attention. This course equips directors with the knowledge to oversee cybersecurity strategies and manage risks effectively. Participants will explore the landscape of cyber threats, current and emerging risks, and best practices for monitoring and mitigating vulnerabilities.

Additionally, the course emphasizes engaging with management on cybersecurity resilience and incident response. Participants will learn to ask the right questions, understand technical jargon, and appreciate the strategic importance of cybersecurity. By the end of this course, participants will be prepared to oversee and influence their organization’s cybersecurity posture, ensuring robust protection against cyber incidents.

Independent and Non-Independent Directors
Senior Executives involved in Risk and Governance

Cyber Threats and Trends: Understand evolving cyber risks and their implications.
Cybersecurity Governance: Explore the board’s fiduciary role in managing cyber risks.
Incident Response Strategies: Learn best practices for responding to and mitigating cyber incidents.

By the end of this course, participants will:

Recognize the latest cyber threats and their organizational impacts.
Implement board-level oversight of cybersecurity strategies.
Assess and question management’s cybersecurity practices effectively.
Develop a proactive approach to cyber risk management.

Cyber Risk as Enterprise Risk

Overview of cyber threats: Phishing, ransomware, insider threats, and emerging risks
The evolving role of cybersecurity in enterprise risk management frameworks
Understanding the financial, operational, and reputational impacts of cyber incidents

Cyber Risk Framework for Boards

Introduction to globally recognized frameworks (e.g., NIST, ISO 27001)
Key components of a robust cyber risk management framework
The board’s fiduciary duties and oversight responsibilities

Board Principles for Cyber Resilience

Establishing a cybersecurity governance model aligned with business goals
Key metrics and reports directors should request from management
Engaging with Chief Information Security Officers (CISOs) and IT teams

Incident Response and Crisis Management

Understanding the phases of incident response: Preparation, detection, containment, recovery, and lessons learned
Board-level responsibilities during and after a cyber crisis
Real-world case studies of effective and ineffective incident management

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