It’s important that you’ll raise crucial cybersecurity questions at your next board meeting. We’ve heard about a plethora of data breaches in recent years and even months. These are concrete examples of how the cybersecurity industry is changing. New internet-connected devices join in the mix on a daily basis.
More gadgets get to the Internet. So, you need new exploitation methods and be invented on a regular basis.
It’s a fact that you’ll never be completely safe. In actuality, one of today’s most dangerous cyber attacks travels, rather than remotely via the Internet. If you’re a member of your company’s board of directors, though, here’s a list of cybersecurity questions you should raise at your next board meeting.
Question 1
Do we have the information we need to oversee cyber risks?
Only 36% of board members have confidence in their company’s cybersecurity metrics reporting. Data is vital to a company’s existence in today’s world. This inquiry, which was posed during a board meeting, sets the tone for all later inquiries. Any action or choice must be on the basis of facts.
Ascertain that you have a capable cybersecurity team in place. So, you’ll have someone to offer you a thorough report on your company’s cybersecurity strategy and infrastructure.
Question 2
How effective is our cybersecurity strategy at addressing business risks?
In response to our concern about not having adequate knowledge to supervise cybersecurity, boards of directors should inquire about the company’s data security strategy.
So, you need flexible brains on your cybersecurity team to guarantee that all aspects of your cybersecurity are tightly linked. Hackers are increasingly identified in children as young as five years old. There should be no one left out.
Assemble the best team possible, hire the finest minds, and also implement a complete cybersecurity strategy.
Question 3
How do we protect sensitive information handled and stored by third-party vendors?
Well, employees continue to pose the largest security risk. On the other hand, the number of incidents attributed to business partners is continuously increasing.
Is your security team scrutinizing the vendors with whom you do business?
Do you conduct frequent audits of all of your vendors?
Make sure you answer all of these questions, as well as others, in order to maintain strict standards that will save you from being bitten when you least expect it.
Question 4
Do we have cyber insurance?
You must be aware of the scope and terms of the company’s cybersecurity insurance coverage as a member of the Board.
The goal of insurance isn’t just to safeguard your physical assets against cyber attacks. Inquire with your team about if they have the tools and infrastructure in place to check your security parameters on a frequent basis, if not in real-time.
Yes, investing in the appropriate technology and recruiting the right people might be your insurance policy for a safe cyberspace.
Question 5
Do we have the right data governance strategy to minimize cyber risk?
This is a follow-up to the previous one.
What is your governance strategy now that you have all of the facts? Boards of directors and firm management should assess current data management and storage techniques, and any gaps should be remedied.
So, make sure that everyone in your firm is on the same page when it comes to data security and policies.
