Board Oversight of Cyber Risk

A top five risk for many organizations across many industries, cyber risk presents a moving target as organizations undergo major IT transformations, accelerate cloud computing adoption, increase digitization investments, advance data and analytics sophistication, and expand mobile device use to leverage exponential increases in computing power for competitive advantage.

As these innovative IT transformation initiatives keep expanding the digital footprint, they outpace the security protections companies have in place. This dilemma presents a sobering reality: Security and privacy internal control structures that are effective in reducing risk to an acceptable level today will inevitably become inadequate in the future — and even sooner than many may realize. Organizations may already be breached and not know it.