AmCham Croatia Live with Harvard Business Review Press 28.9.

AmCham is association with Harvard Business Review Press is bringing you top writers of management books. At this on-line event Thomas Parenty and Jack Domet introduced the key insights from their book A Leader's Guide to Cybersecurity.

Why Boards Need to Lead–and How to Do It

As companies, governments, and organizations have become ever more dependent on digital systems for all aspects of business and operations, they have spent billions of dollars on cybersecurity. However, the financial consequences of cyber breaches have increased, seemingly in lockstep, with this increase in investment.

The reason for this confounding situation is that the central focus of cybersecurity has been on technology—the vulnerabilities of computers and infrastructure—and not on the business risks to a company’s operations and strategic direction. No company has the resources to fix every cybersecurity problem and not all fixes are equally important.

Parenty and Domet argue that cybersecurity is fundamentally a governance problem and that a board of directors should provide the essential oversight with executives setting the management direction. This view is based on their thirty-five years of experience in the cybersecurity field across over forty countries, during which they have performed, managed, audited, or reported to boards on virtually every enterprise cybersecurity activity.

At the event, the speakers will introduce an actionable framework that includes:

• Understanding cyber risks and how best to control them
• Planning and preparing for a crisis--and leading in its aftermath
• Making cybersecurity a companywide initiative and responsibility
• Drawing attention to the nontechnical dynamics that influence the effectiveness of cybersecurity measures
• Aligning the board, executive leadership, and cybersecurity teams on priorities

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