Recent high profile, high impact cyber breaches at some of the largest financial institutions in the United States have highlighted the fact that boards of directors need to take an active role in the management of cyber risk. This Viewpoint offers the Delta Risk perspective on how boards should engage in the management of cyber security risks, stressing four priority activities:
- Providing for cyber security training specifically for board members
- Incorporating cyber security into the Statement of Risk Appetite
- Integrating cyber security with enterprise risk management
- Establishing a culture of cyber security throughout the organization.
Delta Risk may be able to help.