It’s critical that you bring up critical cybersecurity questions at your next board meeting. We’ve heard about a plethora of data breaches all throughout. These are a few instances of how the cybersecurity industry is progressing. New internet-connected devices are joining the mix on a daily basis.
Yes, more devices are connecting to the Internet as time goes on. As a result, new methods of exploitation emerge.
Thus, it’s an inevitability that you’ll never be completely safe. So, if you’re a member of your company’s board of directors, here’s a list of cybersecurity questions to bring up at your next meeting.
Overseeing Cyber Risks
Do we have the data we need to keep track of cyber threats?
Only 36% of board members believe their company’s cybersecurity metrics reporting is accurate. In today’s environment, data is critical to a company’s survival. This inquiry has the potential to set the tone for all your later inquiries. Any action or decision must be on point and with facts.
Make sure you have a strong cybersecurity team in place. As a result, you’ll be able to get a detailed analysis of your company’s cybersecurity strategy and architecture.
How successful is our cybersecurity strategy in mitigating business risks?
Boards of directors should inquire about the company’s data security strategy.
As a result, you’ll need adaptable minds on your cybersecurity team. Also, you need to make sure that all areas of your security are in great condition.
So, assemble the best team possible. Then, hire the brightest minds. Also, put a comprehensive cybersecurity strategy in place.
What safeguards do we have in place to secure sensitive data handled and held by third-party vendors?
Employees, on the other hand, continue to constitute the greatest security risk. The number of occurrences ascribed to business partners, on the other hand, is steadily increasing.
Is your security team conducting a thorough investigation of the vendors with whom you do business?
Do you audit all of your vendors on a regular basis?
Make certain you answer all of these questions, as well as any additional that may arise. As a result, you can maintain stringent standards that will protect you from the unexpected.
Are we covered by cyber insurance?
As a member of the Board, you must understand the scope and terms of the company’s cybersecurity insurance coverage.
Insurance isn’t just for protecting your physical assets from cyber-attacks. Inquire with your team about if they have the tools and infrastructure in place to monitor your security settings on a regular, if not real-time, basis.
Yes, investing in the proper technology and hiring the right people could be your insurance policy for a secure online environment.
Do we have a data governance strategy in place to reduce cyber risk?
Now that you have all of the facts, what is your governance strategy? Current data management and storage strategies should be assessed by boards of directors and corporate management, and any holes should be filled.
As a result, make sure that everyone in your company understands data security and policies.