“Cybersecurity cannot be guaranteed, but a timely and appropriate reaction can,” noted a recent report from the Directors and Chief Risk Officers Group (DCRO).
The DCRO is made up of over 2,000 board and C-suite officers from more than 100 countries. The council’s two co-chairs have served in several high-profile roles, including commissioner at the Securities and Exchange Commission (SEC), cyber risk consultant for a central bank and other senior advisory positions.
In June 2018, the DCRO released the Guiding Principles for Cyber Risk Governance report. The 12-page report is chock-full of well-written, straight-to-the-point advice — and some warnings — to help board directors and executives understand the critical role they must play in assessing and mitigating cyber risks.
