The Board of Directors and Cybersecurity: Setting up the Right Structure
Bloomberg BNAElizabeth E. McGinn
Because investments in cybersecurity do not generate revenue, they can be a hard sell. At the same time, such investments generally lead to significant cost savings and can help a company avoid the reputational damage associated with a successful attack. In addition to devoting attention to reports on security efforts and any breaches that occur, there are concrete steps the board can take to promote an effective corporate cybersecurity structure.
Originally published by BNA's Banking Report; reprinted with permission.