Cybersecurity Questions All Executives Should Be Asking in 2020
The average cost of a data breach is $3.86 million
According to a 2020 IBM study, the average cost of a data breach is $3.86 million. The average time it takes to identify and contain a breach is 280 days. That’s a huge chunk of time devoted to damage control for what is most often a preventable crisis.
Cybersecurity is an important part of every company’s operating plan, and a well-protected network starts at the top.
Here are five key questions that your company’s leadership cannot afford to ignore. Do you know the answers?
Question 1: Is your executive leadership informed about cyber risks that threaten the company?Cybersecurity is about managing risk. A breach can have dire consequences, which makes managing cybersecurity risk a critical part of an organization’s governance, risk management and business continuity framework. Early response actions can limit or even prevent possible damage. Accordingly, timely reporting to leadership should be built in to the strategic framework for managing the enterprise. The CEO, Chief Information Officer, business leaders, continuity planners, system operators, general counsel and public affairs should be part of the chain of communications.
Please select this link to read the complete blog post from OSAE Strategic Partner Clark Schaefer Hackett.