|
Cyber Insights Today August 27, 2024
Hosted by Richard Freiberg
https://www.buzzsprout.com/1913940/episodes/15231193
I am Richard Freiberg. Today we will be addressing 4 Cybersecurity Questions Boards Can’t Afford To Ignore in part 4 of a 4 part series.
As board of directors head into their quarterly meetings, cybersecurity MUST be top of the agenda.
The reasons behind the recent proliferation in cyberattacks are ransomware attacks and bot attacks disrupting important systems threatening the continued existence and viability of businesses (including critical infrastructure) of all sizes and across all verticals which cost the global economies trillions of dollars.
Why is this becoming a board-related issue? Not only do these attacks have real financial and reputational risk to the business which the board is responsible for overseeing as part of its fiduciary duties to the organization, but government regulatory bodies like the SEC are increasingly putting the onus on boards to increase reporting and implement stronger corporate governance practices
- Are we investing enough in cybersecurity?
Directors should also ask themselves if they are budgeting enough for cybersecurity. They MUST understand what financial impacts including litigation) or regulatory fines they could face if they don’t invest in cybersecurity appropriately or report incidents as required. Is your organization investing enough?
While no business wants to be the victim of a cyberattack, the board plays an important role in helping make sure that doesn’t happen (or if it does, that the business is prepared to respond). Your next board meeting is a prime opportunity to kick-start those conversations to set your business up for a long, successful, and secure future.
Follow Cyber Insights Today on Apple Podcasts or Spotify.
That’s it for Cyber Insights Today.
DON’T BECOME ANOTHER STATISTIC!
Richard Freiberg
Profitability Consultant
Richard Freiberg CPA PC
Phone (980)339-3352
Cell (914)393-0033
www.rmfreibergcpa.com
LinkedIn
to subscribe to Cyber Insights Today
to subscribe to LinkedIn Newsletter Cyber Security
Providing valuable counsel to help boost your company’s bottom line, while navigating competitive forces, industry, and economic risks in today’s challenging environment
|
2 thoughts on “Cyber Insights Today August 27, 2024”
Cybersecurity’s a big deal nowadays. Boards gotta step up.
Cybersecurity’s overrated; people worry too much. Focus on enjoying the present instead!