Emerging Practices in Cyber Risk Governance (CEO Strategic Implications)

This report examines cyber security breaches at Target, Sony, JP Morgan, and Anthem and their implications for better cyber risk governance. At best-practice companies, cyber risk has expanded from IT to a multifunctional approach or a stand-alone business function reporting directly to the CEO and board. Cyber risk governance is complete when a company has the board engaged, the CEO and C-suite deployed, and the right balance of technological and cyber expertise in management ranks. A cross-disciplinary approach is the wave of the future to address this ever-evolving threat.

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