Cyber Risk and Communicating to a Board of Directors

Digital transformation has heightened due to the pandemic. We went from, “we can’t work from home” to “we can only work from home moving forward”. Because of this change, our cyber risk increases and organizations need to take new action when it comes to risk. Join ISACA’s Risk IT Risk Professional Practices Lead, Paul Philips as he talks with Dr. Jack Freund—Head of Cyber Risk Methodology at VisibleRisk—about how to effectively communicate Cyber Risk to a Board of Directors. Organizations need to understand the financial ramifications of all aspects of cyber risk. Along with risk quantification, organizations need to work with and inform the BOD about the risk appetite for certain projects, how much risk tolerance the organization can afford to deal with and more.