Showing posts with label SOX. Show all posts
Showing posts with label SOX. Show all posts

Wednesday 30 March 2016

Wednesday 21 October 2015

The Cultural Maturation of Cyber Risk Management


From GARP –

“Born from the perfect storm of 9/11, the Nimda worm, and Section 404 of the Sarbanes Oxley Act (SOX), the rise of the chief information security officer (CISO) has occurred at a lighting pace. Mega breaches have earned them a seat at the boardroom table, yet CISOs still struggle to articulate cybersecurity risk in a way that board members can understand.

To move past this, CISOs need to flex their leadership muscles and take a top-down approach to risk management – one that will likely require them to “unlearn” many of the best practices that got them to where they are.

It is a path with which the broader risk management profession is familiar: In the early 2000s, information security was mainly driven by compliance. Back then, CISOs were little more than glorified IT security admins.”

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