IT Alone Cannot Protect Your Organization from Cyber Risks

Dateline: March 10, 2017

Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend.

Cybersecurity is increasingly an organization-wide concern, and successful cybersecurity plans cover all aspects of the organization, and involve all levels of the staff.  The World Economic Forum recently published an article, How to Prepare for the cyberattack that is coming to your company, co-authored by BCG experts Michael Coden and Shoaib Yousuf, and MIT Professors Stuart Madnick and Alex Peatland. They write,

IT alone will never be able to address cybersecurity in a meaningful way. Sustainably addressing cyber risk requires an organization-wide and cross-functional approach, and the integration of cybersecurity and business strategy. Boards and senior management play a pivotal role in creating the organizational and cultural environment for such a joint approach. Top management and board members must recognize the risks involved and take steps to ensure they are prepared for the day that their company is compromised – because it’s all but certain it will happen.

What is the state of preparation for cybersecurity in your organization?  Is everyone involved? How do you know (what metrics to you monitor)?

That’s a WRAP!  Have a great weekend!

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