Cyber Risk
Everyone Has a Stake
Cyber risk management is an enterprise-wide concern. Employers, the board, suppliers, customers, and more have a state in protecting critical data, technology, and systems.
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Senior Leadership
80%
+
+Source
Finance
60%
+
+Source
Risk Management
<40%
+
+Source
General Counsel
57%
+
+Source
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Board
Fiduciary SEC Compliance
CEO
Accountability Performance
Operations
Supply Chain Workforce
Risk Manager
Assessing, Communicating Impact
Communications
Reputation Crisis Management
RESPONSIBILITY FOR CYBER RISK
Across The Enterprise
CFO/Finance
Controls Reporting Cashflow
Compliance
Governance Notifying Customers
Legal
Lawsuits Plaintiff's Bar
HR
Morale Malicious Employees
IT/CISO
Third Parties Breaches
COMBATING CYBER RISK
A Proactive Approach
1
create
a cyber risk working group that includes IT, legal, and other stakeholders.
2
Quantify
the costs of a cyber-event across all business units.
3
communicate
potential risk impact to stakeholders and third-party vendors.
4
Deliver
a cyber risk management strategy and maintain and modify it if needed.
