Wednesday, July 9, 2014
My July 1 post addressed the misdirection that ensues when an organization’s senior management awareness of cyber threats turns to anxiety, and that anxiety into fevered action.
Nothing will get a board of directors to the anxiety stage as quickly as seeing a high profile business face cyberattack-induced loss of competitive advantage, reputational damage, and financial consequences in the billions of dollars.
Therefore, preventing such anxiety-fed misdirection must take center stage as an organization forms its cybersecurity strategy.
What follows are three solid suggestions on how cybersecurity initiatives can be successfully formulated, as stated and practiced by the experts.
But I will warn you: There is a caveat, and it’s a big one, as you’ll see.
Wednesday, July 2, 2014
Don’t say they weren’t warned. The forecast in my September 7, 2013 article “Will 2013 Be the Year Cybersecurity Crashes the Party in the Boardroom?" predicted stormy cybersecurity seas ahead for corporate America.
A plague of inadequate cybersecurity strategies is now raining on board members across the land, thanks to the massive Target Stores 40-million credit card heist; the resulting blizzard of lawsuits and subsequent ousting of its CEO; and numerous similar cyber breaches on retailers. The circumstances are highlighted in the Wall Street Journal June 30th article, “Corporate Boards Race to Shore Up Cybersecurity.”
The forthcoming corporation reactions will inevitably risk plunging them into a vast cyberspace void, populated only by scarce technical resources, a mind-numbing array of software cyberattack “solutions,” and seemingly insurmountable executive vs. technical cultural and language barriers.
Here is what to watch for: