Prepare Your Board to Take on Third-Party Risk

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In 2020, we transitioned entire workforces and company operations to a work-from home world. In 2021, a hybrid working environment with remote workforces is the new normal. While this new model has brought flexibility, it has increased our reliance on third parties and added layers of complexity to the cybersecurity landscape. Security leaders are facing a trifecta of challenges: more sophisticated and frequent cyber attacks, expanding regulations and government mandates, and organizational leaders seeking risk management assurances.

In Gartner’s 2020 Board of Directors survey, 69% of respondents stated they view digital as the top business challenge for 2020 and 2021. Not only that, but 49% of directors cite the need to reduce legal, compliance and reputation risk related to digital investments. As executive leadership and boards become increasingly concerned about their organization’s ability to manage cyber risk, adequate reporting is a must.

Join Nick Donofrio, IBM Fellow Emeritus and former Executive Vice President of Innovation and Technology; Christos Kalantzis, CTO, Security Scorecard; and Eric Hensley, CTO, Aravo Solutions as they discuss what boards are talking about in regards to cybersecurity, the critical KPIs that boards should be constantly measuring, what is the CISO’s role is in the process, and what innovation we can expect from the broader cybersecurity ecosystem.

In this webinar, you will learn:

  • What makes an effective cybersecurity report;
  • How to incorporate third-party risk into board reporting;
  • Key metrics that the board cares about for defining, understanding, and quantifying cybersecurity threats;
  • How to set realistic expectations for deliverables.
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