EVOLVING SECURITY FOR THE DIGITAL AGE
BUILDING A CYBER RISK MANAGEMENT PROGRAM
In the era of rampant digital transformation, understanding and managing cyber risk is paramount. Building a Cyber Risk Management Program presents a meticulously designed framework Tailored to fortify your enterprise against evolving digital threats. Authored by experts Brian Allen, Brandon Bapst, and writer Terry Allan Hicks, this guide brings strategic insights catering to professionals ranging from corporate directors to auditors.
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"Building a Cyber Risk Management Program applies practical solutions to the ever-evolving, complex, and technical cyber environment. It’s well thought-out and provides a structured risk-based governance approach with easy-to-follow concepts. This book is a must-read for anyone with cyber risk management responsibilities.”
John E. Turey, Chief Risk Officer
TE Connectivity
CRMP HELPS YOU GUIDE THE BUSINESS THROUGH A RISK DECISION MAKING PROCESS
Grasp The Profound Changes Brought By Digitalization And Its Associated Cyber Risks.
Navigate Legal And Regulatory Waters That Underline The Essence Of Cyber Risk Management.
Dive Into The Four Pivotal Components Of A Formal Cyber Risk Management Program.
Strategize And Implement With Expert Advice Going Beyond Just Risk Management.
Stay updated, deepen your understanding, and strengthen your security risk management with curated resources, articles, and tools that complement the insights shared in the book.
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CHAPTER ONE
Enterprises everywhere now face threats that would have been unimaginable just a few short years ago. The threats can be acutely damaging to financial interests and, in some cases, even drive companies out of business—and not just because of failures dealing with cyber threats, but because of competition: the ability of one company to take risks and move faster than its competitors, who may be digitalizing at a quicker pace. The security organizations are struggling to keep pace with the significant challenges those threats and vulnerabilities represent, often falling short.
This book presents a way forward in this radically different and threatening new business and technology landscape.
The approach, which draws on the authors’ decades of experience in the field, is based on the premise that the way for an enterprise to protect itself today and tomorrow is to develop a comprehensive, enterprise-wide cyber risk management program. The book speaks to a broad range of enterprise stakeholders—not just security practitioners—to guide strategic decisions and execution parameters throughout the enterprise. The key is defining, developing, and implementing a cyber risk management program.
Regulators worldwide are focusing more intensely on how enterprises are managing their cyber risks, how they establish their risk tolerance, whether they’re executing to that tolerance, and if there is proper oversight of this programmatic approach. Courts are narrowing their focus on the personal liability of boards of directors, CEOs and other corporate officers, including chief information security officers (CISOs), as it relates to their oversight of cyber risk management. The lack of a program, and the outputs of a program by themselves, can be the basis of that liability.