cyber security

Respond .. 100 min word count ..

Stakeholders have to have enough buy-in in cyber risk management strategies in order to ensure a successful cyber security framework and above all a secure Network and successful business. Risk management strategies ensure that if not all, various stakeholders are connected in terms of assessing, managing, and responding to cyber threats. Even though stakeholders may not be IT experts, they can usually understand risk and their financial options and insurance.

CEOs have fiduciary duties to assess and manage risk as well. The Security and Exchange Commission and the Federal Trade Commission, have made clear expectations of top leaders to engage in cyber security issues. CFOs on the other hand, evaluate the cost and the benefits of investing in cybersecurity measurements. After all, CFOs are the ones responsible for the impact of the security of the company’s sensitive financial information.

Legal and Compliance act as the regulators of cyber development. These jobs are becoming extremely important to inform corporate policies. After a cyber-attack, lawsuits usually occur and these departments usually drive the appropriate response to the breach(es). The operation, key managers, come after that ensuring that daily operations, business processes, and workplace stability is manageable and continue business as normal.

Lastly, it comes down to Human Resources and Employees where cyber attacks can lead to costly incidents. Training is probably one of the best practices at the employee level to ensure network security.

Reagan, T. (2015). 7 Cyber risk stakeholders and why they matter. This information was retrieved from https://www.propertycasualty360.com/2015/09/25/7-cyber-risk-stakeholders