- produced by the Cybergovernance Journal


A  recent KPMG survey revealed that 86% 
of global institutional investors 
"want to see an increase in the time 
boards spend on cybersecurity."


2016: The Year of Cybergovernance

Later this month, we'll make this case in detail. For now, here are the high points:
  1. Cybersecurity breaches continue growing in frequency and impact. 
  2. Responsibility for the effect of breaches has moved from IT managers and CISOs to CEOs and boards. 
  3. The notion that a company's protection must move beyond technology alone took firm hold this year.
  4. While the "attack surface" has been defined as the sum of the different points where an attacker can try to enter or extract data from an environment, it will be redefined to include the number of individuals and their collective cyber training and awareness.
  5. The likelihood of significant cybersecurity compliance initiatives in 2016 from agencies and industry associations approaches 100%. 
A survey of 276 board members by NYSE Governance Services  and  Veracode  reveals 60% expect an increase in shareholder suits  due to cybersecurity issues, while 72% expect more cyber-related regulation in the near future.   more...
      

The growing realization that cybersecurity isn't exclusively an IT problem has elevated responsibility to the board of directors. Plaintiffs and regulators are looming and ready to pounce on shortcomings.
    
A spotlight has been cast upon directors who fail to exercise proper oversight of cyber risk. Will it fade with time, or will its intensity increase? Is the issue confined to the United States, or is it destined to become a global concern?   more

Cybergovernance in the News

Boards need a framework that lets them 
think  about [cyber risk] in a little more 
strategic terms  and in terms  of risk management. 
  -John Donovan, ATT SrEVP for 
Technology and Operations

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