As high-profile cyber attacks become more common and the need for digital trust intensifies, executive management teams are sharpening their focus on cyber resilience. To exercise their fiduciary duty, boards need to have confidence that the organization has a “defensible” cybersecurity risk management program in place. Today’s concerns and increased scrutiny demand confidence at every level of the organization. As a result, internal and external stakeholders are seeking greater transparency to better understand how effective cybersecurity risk management programs work.
Cybersecurity attestation reporting, developed by the American Institute of Certified Public Accountants, addresses this demand. Through the reporting framework and related guidance, organizations can provide an independent, objective view of their cybersecurity risk management and communicate relevant information to key stakeholders.
Now is the time for companies to begin their path to cybersecurity attestation and seize the opportunity to become marketplace leaders through:
With the right knowledge, skills, and expertise from a third party, the initial assessment process can help companies identify gaps in their cybersecurity program, understand the threat landscape, and guard themselves against their greatest vulnerabilities. This knowledge—and how the organization responds to these gaps, from capability-building to dynamic adjustments in a programmatic, risk-based approach—provides the foundation to build upon for a future attestation report.
Making the right moves in this space, and plotting a cybersecurity attestation road map, signals an organization’s commitment to its stakeholders and the level of responsibility it is willing to take to mitigate risk and build trust.
Our cybersecurity and risk management professionals can:
Cybersecurity Attestation Services Leader, PwC US
Principal, Cybersecurity and Privacy Assurance Leader , PwC US