7 months ago

Your board of directors expects to be regularly updated about your data breach prevention efforts, but board members often lack the necessary technical insight to understand the cyber risk mitigation processes making up your cybersecurity posture. This post outlines three best practices for creating a cybersecurity board report that effectively represents the efficacy of your cybersecurity strategy.

Not covering third-party risk exposure in your board report communicates to board members that you don’t fully understand the cybersecurity risks contributing to data breaches.

The effectiveness of your cybersecurity framework’s efforts in ensuring vendor cyber risks remain within risk tolerance and risk appetite limits.

Even with visuals concisely representing risk information, board members will only truly appreciate your cyber risk mitigation effort when its impact is quantified in dollars.