NYSE survey: Understanding cybersecurity in the boardroom
Date: Thursday, July 23, 2015
Time: 11:00 a.m. ET/ 8:00 a.m. PT
The connection between cybersecurity and a company's bottom line is crystal clear to board members — and they're worried. In fact, more than 80 percent of corporate directors now discuss cybersecurity at most or all boardroom meetings. At the same time, a surprising 66 percent are not fully confident their companies are properly secured against cyberattacks.
CISOs can become more effective, strategic leaders by understanding prevailing perceptions about cybersecurity before stepping foot into the boardroom.
Attend this webinar to gain strategic insights from NYSE's survey of nearly 200 board members about how they perceive and prioritize cybersecurity. Chris Wysopal, Veracode co-founder, CTO and CISO, will also share his recommendations based on his own experience presenting to boards and his ongoing conversations with fellow CISOs.
Key insights from the NYSE survey include:
- Map Risk to Top Cybersecurity Fears. Respondents listed brand damage, breach cleanup costs and theft of corporate intellectual property as their top three cybersecurity worries.
- Gain Visibility Into Third-Party Risk. More than 70 percent of respondents have significant concerns about the risk posed by third-party software in their supply chains.
- Use Risk Metrics. Two-thirds of respondents want information presented as either risk metrics or high-level strategy descriptions rather than descriptions of security technologies.
- Demonstrate Business and Communications Skills. In addition to technical skills and experience, respondents listed business acumen and strong communication skills as the top three qualities that strong CISOs should possess.
- Encourage Shared Responsibility. After a breach, board members said they are more likely to hold the CEO accountable — signaling a shift away from putting the onus squarely on the CISO.
Chris Wysopal, Co-Founder, CTO and CISO, Veracode