Board members play a key role in ensuring their organisations are protected against cyber threats. They are responsible for setting the tone at the top and ensuring that cyber security is prioritised at the highest levels of the organisation. Legal and ethical responsibilities demand that board members stay informed about the cyber security landscape and the specific risks facing their organisations.
A devastating example would be the case of Uber's former security chief, Joe Sullivan, who was convicted for concealing a data breach. According to a testimony reported byCraig Clark, an in-house attorney at Uber, testified that this secrecy was approved by the "A-Team", which included ex-CEO of Uber, Travis Kalanick, who knew and approved the payment of a ransom to the hackers, which ultimately led to Uber being fined $148 million by the state as stated by the.
By the end of next year, three-quarters of the world’s population will be covered by data privacy laws, reflecting the global shift towards stringentThese global and local developments are driving the firming of cyber security governance, making it a critical area for organisations to focus on.Effective cyber security governance involves a combination of risk management, compliance adherence and strategic oversight.
Roles, responsibilities and authorities : Defines roles and responsibilities to foster continuous improvement and consistent performance assessments .