In an increasingly challenging threat landscape, many organizations struggle with developing and implementing effective cybersecurity governance. The “Managing Cybersecurity Risk: A Crisis of Confidence” report by the CMMI Institute and ISACA stated: “While enterprise leaders recognize that mature cybersecurity is essential to thriving in today’s digital economy, they often lack the insights and data to have peace of mind that their organizations are efficiently and effectively managing cyber risk.”
Indeed, damages from cybercrime are projected to rise to $9.5 trillion globally in 2024, according to “Boardroom Cybersecurity Report 2023” from Cybersecurity Ventures. Consequently, board members and chief executives are now more focused than ever on cybersecurity, emphasizing the need to translate awareness into action.
How, then, can board leaders have confidence that their organizations are prepared for cyberattacks? The first order of business for most organizations is to enable a strong cybersecurity governance program.
What does cybersecurity governance mean and why is it important?
Cybersecurity governance, as per the ISO/IEC 27001 standard, pertains to the component of…
