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Cybersecurity Governance: A Path To Cyber Maturity

This week in cybersecurity from the editors at Cybercrime Magazine

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Sausalito, Calif. – Apr. 5, 2024

In an increasingly challenging threat landscape, many organizations struggle with developing and implementing effective cybersecurity governance.

TechTarget reports that damages from cybercrime are projected to rise to $9.5 trillion globally in 2024, according to a boardroom cybersecurity report by Cybersecurity Ventures. Consequently, board members and chief executives are now more focused than ever on cybersecurity, emphasizing the need to translate awareness into action.

How, then, can board leaders have confidence that their organizations are prepared for cyberattacks? The first order of business for most organizations is to enable a strong cybersecurity governance program.

Historically, cybersecurity efforts focused on implementing technical solutions to address specific problems or risks. Many cybersecurity departments have technical security safeguards, such as firewalls or intrusion detection, but they often lack basic cybersecurity governance policies, best practices and processes. Where they do exist, policies or processes are often outdated or ignored.

Pam Nigro, CRMA, CISA, CGEIT, CRISC, CDPSE, who serves as an ISACA board director, offers a checklist with 6 steps to expand and sharpen a cybersecurity governance program.

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