MIT Sloan predicts CEOs who follow the cyber risk oversight principles developed by the World Economic Forum (WEF) and the Internet Security Alliance will have 85% fewer cybersecurity incidents.The six principles are: 1. Recognise that cybersecurity is a strategic business enabler. 2. Understand the economic drivers and impact of cyber risk. 3. Align cyber risk management with business needs. 4. Ensure organizational design supports cybersecurity. 5. Incorporate cybersecurity expertise into board governance. 6. Encourage systemic resilience and collaboration. The image shows the results of 5-year research. CC-CEO = Cyber Conscious CEO.
If this is hard, we must start with understanding the risks and plan for mitigation of those risks.
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