A person prepares to work on a protective cybersecurity system at the International Cybersecurity Forum in France. The boardroom’s responsibility around cyber risk is growing.
Photo: Philippe Huguen/AFP/Getty Images
Few events pose more sudden and systemic risks to corporate leadership than a significant cyber event. And the threat is only growing.
If reputations are gained by the teaspoon and lost by the gallon, cyber is exponentially more threatening. The onus of managing risk in every corporation ultimately falls on the CEO and the board of directors. Effective CEOs, therefore, are thoroughly plugged into cybersecurity operations, those systems and procedures that, in today’s lexicon, are aimed at mitigating the risk of company communications being disrupted.
I know from conversations with CEOs and general counsels across the country that their biggest fear—besides being impugned on social media—is having their cyber systems hacked, their “state secrets” exposed and exploited, or worse yet, their…
