Digital and cybersecurity governance reform needs to blow into every boardroom.
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SolarWinds data breach is the stuff of plaintiff’s attorneys dreams and corporate director nightmares.
SolarWinds has joined a rapidly growing club where its members share catastrophic cybersecurity breaches along with one other thing. Every member of this club also has this in common — 100% of their boards wish they’d taken a more effective approach to cybersecurity risk oversight 100% of the time after the breach.
SolarWinds just took steps to strengthen its boardroom cybersecurity risk oversight. The actions they are taking aren’t breaking any new ground, except for them, although they are far from widely adopted practices. But they should be and could be widely adopted without too much boardroom effort or cost. The ROI of improving digital and cybersecurity risk governance shortcomings in the boardroom is exponentially positive.
The SolarWinds CEO just reported that they are creating a cybersecurity committee on their board and adding additional directors who are digitally and cyber risk literate. At the time of their breach, SolarWinds…
