In this deep dive session Maya Bundt and Sonja Stirnimann discuss the findings from research on cybersecurity board reporting, emphasizing the importance of board-level governance and the need for strategic discussions on cybersecurity. The conversation highlights the challenges in current reporting practices, including the high level of aggregation of information and the lack of standardization. Maya advocates for a framework that facilitates effective communication between boards and executive teams, ensuring that cybersecurity is treated as a strategic priority.

Highlights of this deep dive session with Maya Bundt:

So one of the results and also for me honestly a surprise was that not all boards discuss cyber security in the full board.

Cybersecurity needs to be at the top. So it means it needs to be discussed within the full board.

There should be no cybersecurity strategy that is not linked to the business strategy.

Some of the takeaways of this deep dive session:

• Not all boards discuss cybersecurity at the full board level.

• Cybersecurity risks consistently rank as top concerns.

• Cybersecurity should be a strategic topic discussed by the full board.

• Discussions on cybersecurity often last only 15 minutes.

• The lack of dedicated technology committees is surprising.

• Cybersecurity strategy must align with business strategy.

• Board reports often present highly aggregated information.

• There is no standardization in cybersecurity reporting across organizations.

• A framework for effective cybersecurity communication is needed.

• Both boards and executive teams must engage in meaningful discussions.

IMPORTANT LINKS AND MENTIONS

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Episode 059 - Cyber Resilience at Board level

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