As Cyber Risk Escalates, the C-Suite Must Take Action

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This article was published on LinkedIn on April 19, 2018. You can read the original post here.

So far, 2018 has started out to be a very good year for cybercriminals. In the first week of April alone, restaurant chains and large department stores, some of America’s major retailers, disclosed significant data breaches. A multitude of government and healthcare organizations around the world have also been breached in the short three-and-a-half months of this year.

The trend is accelerating, and the disclosure of breaches has moved from weekly to nearly daily and sometimes several within a day. With the role C-suites and boards have in the management of the organization’s financial and reputational risks, the questions business leaders need to ask themselves are: How prepared is my organization, from top to bottom? Are the right people responsible for cyberthreat preparedness? How well does our C-suite and board understand the plan and the liability issues they may face in poor cybersecurity planning and incident management? How resilient is our organization in the aftermath of a significant breach?

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