Emerging Practices in Cyber Risk Governance (CFO Strategic Implications)

What’s the financial impact of a cyber security breach?

Document Highlights

Recent hacks of Target, Sony, JP Morgan, and Anthem have demonstrated real damage to reputation and stock price. In some cases, better governance allowed companies to emerge unscathed. Others suffered serious consequences. The more readiness a company needs, the more leadership will be needed from the top. This report outlines the best approaches to cyber risk governance, and more oversight of the C-suite, including the CFO, is required. The CFO should make sure adequate resources are allocated and that cyber risk is viewed more broadly as a strategic and financial risk.