In today’s digital age, cybersecurity is a central pillar of Governance, Risk, and Compliance (GRC).
But why is this so crucial, and why is there a burgeoning market for specialized cyber risk management tools and platforms?
John Chambers, former CEO of Cisco, famously said, “There are two types of companies: those that have been hacked, and those who don’t know they have been hacked.”
So, if you’ve been hacked, you know what we’re talking about. And if you don’t know that you’ve been hacked, you better listen up! As businesses strive to protect sensitive data and comply with stringent regulations, cybersecurity’s role in risk management has expanded dramatically, transforming from a siloed IT function to a cornerstone of organizational governance.
This is vital not only for security but also for meeting regulators’ increasing demands for transparency and disclosures regarding business risk posture.
Myrna Soto, CEO of Apogee Executive Advisors, emphasized the importance of compliance, especially under new SEC rules around disclosures and incident reporting. “You need to be compliant, especially if you’re in a regulated industry,” she asserted,…
