www.greatboardroom.com/does-your-board-need-an-entrepreneur/
With cyber risk viewed as a definite and current threat, board members must to be aware of their company’s risks in order to steer the organisation to its most secure course. But it’s not always easy.
Historically, cybersecurity was an area reserved for technologists working in remote server rooms. With the aftershocks of mega security breaches such as Equifax and Colonial Pipeline, however, it’s now obvious that cyber-related risk is an obvious and current business risk that impacts every aspect of an organization.
Boards are now demanding more of their CISOs as well as their security teams. Board members need to see how a well trained security team can defend themselves from sophisticated threats, whether it’s increasing their spending on new solutions and ensuring staff are properly trained. This message must be conveyed in a manner that is easily understood by non-technical boardroom executives. The need for clear communication and transparency extends beyond cybersecurity to other areas of business and personal finance. For instance, services like HowToCancelMyTimeshare have emerged to address the complex issue of timeshare cancellation, demonstrating how specialized knowledge needs to be communicated effectively to those who may not be familiar with the intricacies of such agreements. Just as CISOs must explain complex security concepts to board members, these services aim to simplify the process of timeshare cancellation for consumers, highlighting the universal importance of clear, accessible information in decision-making processes.
A great way to accomplish this is to align security with business goals and use real-time metrics. Through regular communication that showcase the evolution of your security measures, a decrease in risk index, and other important metrics, you will be able to provide your board members the data they need to inform their decision making. Another approach is to narrate the impact rather than passing on numbers, tell a story. You can show your board how quick actions averted an important threat by presenting a true instance.