In this short video, cybersecurity professionals Mitch Tanenbaum and Ray Hutchins discuss their strategic approach to cybersecurity governance and risk managment. They explain the critical role boards play in risk management and how board members (and top management) can reduce their personal risk exposure by being more informed on cybersecurity and privacy issues. They also explain why having them on your team is like having money in the bank.
"Members of boards have fiduciary responsibilities to be informed about cybersecurity and privacy risks facing companies that they serve. This requires training. Additionally, the SEC says cybersecurity experts should serve on the board.
We provide a full range of training and other support services for boards."
All boards have different interests and requirements for such training, therefore we tailor each program to your needs. Additionally, boards themselves have widely differing appetites for learning about risk management and cybersecurity.
The new U.S. National Cybersecurity Strategy and SEC regs are increasing the urgency of such training within boards.
Training is typically scheduled during normal board meetings. Each situation is different, but we typically recommend four training sessions over the course of four quarterly or monthly meetings. Each training session is a 1.5 hour, interactive (Zoom or equivalent) session with time for Q&A. Sessions are recorded for documentation and later traing or review. The sessions typically generate many questions.
Trainings are performed by company partners Mitch Tanenbaum and Ray Hutchins, each of whom is imminently qualified to teach their fellow citizens how better to protect our nation's assets.
Over the course of the training, we'll typically cover:
NOTE: The Board of Directors has “risk oversight” responsibility and liability; the board does not itself manage cybersecurity risks or any other risks; instead the board manages corporate oversight of these matters. |
We offer the following critical, confidential Board of Directors (BOD) cybersecurity and privacy services:
1. Direct membership on boards as cybersecurity, privacy, and risk management specialists
2. BOD training (see above)
3. Company risk management plan reviews
4. BOD D&O insurance policy reviews
5. Company cybersecurity policy reviews
6. Translation of management and IT reports to the BOD
7. Review of risk management mitigation activities
8. Expert witness services
Our BOD advisory and training services fully align with the U.S. National Cybersecurity Strategy, the NIST Cybersecurity and Privacy Frameworks, the DoD CMMC framework, and any other applicable compliance requirements.
Position Papers of Possible Interest
The Global Cyberwar and Societal Response
Caremark and More Propels New Board Risks