
1. Integrate cybersecurity into business strategy
What used to be a landscape dominated by individual hackers has now dramatically expanded to sophisticated groups that have been specifically formed to extract value from organizations by stealing and ransoming their data.
While it’s important to be fluent in business strategy, boards should also work with security leaders towards integrating cybersecurity into their overall roadmap. Boards can encourage a collaborative approach to align cybersecurity with critical business services, which can help strengthen security posture, protect critical assets, and enhance resilience against evolving and emerging threats.
2. Develop a framework for cybersecurity investments
Boards should ask questions to ensure cybersecurity investments deliver real business value — beyond compliance. Key areas for boards to investigate include identifying and understanding the protection of critical digital and physical assets with software components, assessing the maturity level of protection, and knowing the potential cost of different types of breaches.
Here’s where boards should encourage third-party assessments, running simulations, and tabletop exercises to help prepare an organization for breach responses. It’s also important for boards to develop a framework for cybersecurity investments to help them benchmark spending against industry data, and assess the effectiveness of that investment.
When boards understand the risks and costs associated with different types of breaches, including remediation and reputational damage, they are better positioned to help assess the actual value of cybersecurity investments.
3. Prioritize cybersecurity in mergers and acquisitions
One area cybersecurity becomes especially critical is in mergers and acquisitions. Assessing a target company’s security posture is a critical component of due diligence, and can help create a roadmap for integrating the target company into the acquirer’s security and compliance posture.
This approach includes non-negotiables for day one, such as issuing new, compliant laptops, planning network segregation, and a remediation roadmap for any existing vulnerabilities. Third-party assessments also have a role to play here to help inform post-acquisition plans.
4. Create a cyber-aware culture from the top down
We’ve been vocal about how creating a cyber-aware culture starts at the top. Boards should set the tone by regularly placing cybersecurity on the agenda at the main board level at least once a year.
They can also review internal and third-party attestations, and examine breach action plans to encourage a holistic approach to cybersecurity. Executive leadership must champion the security-first mindset, setting clear expectations, allocating necessary resources, and holding teams accountable. This top-down approach sends a powerful message that security is a non-negotiable priority.
Why boards should have more AI cyber-awareness
Cybersecurity has emerged as a board-level issue because of digital transformation and the emergence of AI, and this presents an opportunity and a challenge. By becoming bilingual in AI and security, boards can ensure their companies are moving decisively to not only improve efficiency and security, but to redefine what’s possible in their industries.
For more on Google Cloud’s cybersecurity guidance for boards of directors, you can check out the resources at our insights hub.
Source Credit: https://cloud.google.com/blog/products/identity-security/cloud-ciso-perspectives-boards-should-be-bilingual-AI-security-gain-advantage/