Importance of Corporate Governance in context of Cyber Resilience

Strategic Relevance

  • Security has evolved into a pervasive board-level discussion, profoundly influencing business outcomes.
  • It is imperative to foster well-balanced and business-centric decision-making processes concerning cybersecurity.
  • Mature cyber resilience empowers enterprises to attain and maintain competitive advantages, positioning them for long-term success.

Challenges & Opportunities

  • Security leadership’s preoccupation with siloed strategies hampers effective collaboration and coordination.
  • Business leadership persists in viewing cybersecurity merely as an IT and technology issue, failing to recognize its broader significance.
  • The human element remains a significant factor impeding security outcomes, particularly in less mature cyber enterprises.

Future Trends

  • The board is increasingly interested in cybersecurity performance, driven by growing regulatory mandates and digital-led transformations.
  • Business and cybersecurity need to follow a consistent risk language and make connections.
  • The human element continues to grow in cybersecurity success, and corporate governance should drive that cultural shift across the enterprise.

Best Practices & Key takeaways

  • CISOs need to make all possible efforts to involve the business in cyber decision making and champion the business journey “from informed to accountable.”
  • Establish a business-centric scorecard by aligning security reporting with business/IT KPIs and quantifying wherever possible.
  • Adopt technology to present business-aware performance of the cyber program.
  • CISOs should invest in their business understanding and consider pursuing formal business education as well.
Aditya Vardhan
Chief information Security Officer
Jindal Steel & Power Ltd.

Disclaimer: The views expressed in this feature article are of the author. This is not meant to be an advisory to purchase or invest in products, services or solutions of a particular type or, those promoted and sold by a particular company, their legal subsidiary in India or their channel partners. No warranty or any other liability is either expressed or implied.
Reproduction or Copying in part or whole is not permitted unless approved by author.

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