Geneva, Switzerland/Nov. 16 — As the World Economic Forum’s annual
Cybersecurity Summit concluded today, research conducted by MIT
Cybersecurity at MIT Sloan (MIT CAMS) found that the cyber risk
oversight principles (consensus principles) developed by the Forum in
conjunction with the Internet Security Alliance (ISA) and the National
Association of Corporate Directors (NACD) “demonstrates that
organizations that use the consensus principles can significantly
improve their cyber resilience without raising costs.”
The MIT research used a grounded control theory and system dynamics
built on significant research in the field, including interviews with
CISOs which has been validated over the years at a Fortune 500 company
analyzing a wide range of cyber risk challenges. MIT CAMS used a
simulation-added approach to understand organizational behavior when
adapting the consensus Cyber Risk Principles.
The research used a scientifically grounded simulation methodology to
explore the behavior of CEOs who followed the traditional model and
compared it to that of an aware CEO who followed the consensus
principles. The research found “a significant difference when comparing
the…
