Companies now see IT strategy and risks as inextricably linked to corporate strategy, and the level of board engagement in this area is increasing. Overseeing a company's IT initiatives, particularly the adequacy of cybersecurity, can be a challenging task for directors. To stay on top of its cybersecurity risks, a board needs to know its cybermetrics, which should include information and statistics about digital data and IT systems that can be used to provide effective oversight of IT risks and strategy.
PwC’s 2016 Annual Corporate Directors Survey
Technology continues to disrupt many business models— creating opportunities for some companies and worries for others. With new technology comes risk, including threats of cyberattacks.
New York State DFS issues updated proposed cybersecurity regulation
The proposed regulation will require financial services institutions under DFS’s regulation to create and maintain a cybersecurity program and written policy that aims to protect consumer data as well as the security of the state’s financial services industry.
Shareholder questions for 2016 annual meetings
Who in the company is responsible for cybersecurity and how does the board oversee the company’s cybersecurity approach? This is one of the questions management should expect.