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Printable Handouts
Navigable Slide Index
- Introduction
- Topics covered
- Take-aways overview
- Risk reports
- Organizational or business risk
- Cyber risk
- Cyber risk: adverse cybersecurity outcome
- Cyber risk & organizational risk
- Leadership and cyber risk
- Cyber-aware leadership for business
- Aligning cyber risk to organizational goals
- How to think strategically about cyber risk
- Acting strategically on cyber risk
- 2020 Coronavirus pandemic & cyber strategy
- Resources for understanding your cyber risk
- Cooperating on cyber risk
- To learn more
- Take-aways
- Thank you
This material is restricted to subscribers.
Topics Covered
- Cyber risk & organizational risk
- Cyber-aware leadership
- Acting strategically on cyber risk
Links
Series:
Categories:
External Links
- World Economic Forum: Cyber Risk, Leadership, and Corporate Governance Initiative
- Slide 4: Global Risks Report
- Slide 7: NIST Cybersecurity Framework and other related publications
- Slide 10: Principles for Board Governance of Cyber Risk
- Slide 12: Managing Risks: A New Framework (HBR)
- Slide 13: Does Your Board Really Understand Your Cyber Risks?
- Slide 14: Cybersecurity Leadership Principles: Lessons Learnt during the COVID-19 Pandemic to Prepare for the New Normal
- Slide 14: COVID-19 Risks Outlook: A Preliminary Mapping and its Implications
- Slide 15: Principles for Board Governance of Cyber Risk
- Slide 15: WEF Advancing Cyber Resilience: Principles and Tools for Boards
- Slide 15: NACD Cyber Risk Oversight Resource Center
- Slide 15: NACD/ISA Director’s Handbook on Cyber Risk Oversight
- Slide 15: FERMA Cyber Risk Governance Report
- Slide 15: UK National Cybersecurity Centre
- Slide 15: Berkeley Center for Long Term Cybersecurity
- Slide 15: Carnegie Endowment for International Peace: Board-Level Guide: Cybersecurity Leadership
Talk Citation
Dobrygowski, D. (2021, October 31). Understanding cyber risk [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved December 3, 2024, from https://doi.org/10.69645/OWCM8437.Export Citation (RIS)
Publication History
Transcript
Please wait while the transcript is being prepared...
0:00
Hello, my name is Daniel Dobrygowski, I'm an attorney, and the head of governance and
trust for the World Economic Forum's Center for Cybersecurity.
The World Economic Forum is the international organization for public-private cooperation.
The Center for Cybersecurity is a think-tank within the forum, coordinating a global response to
systemic cybersecurity challenges, and working to improve digital trust.
This lecture is meant to be an introduction for general audiences, and business leaders
who are not cybersecurity experts, to enable them to better understand cyber risk
as it impacts their organization and their strategy.
It's also meant for cybersecurity practitioners, when it comes to helping their board or CEO
understand what cyber risk is, and what they can do about it.
0:53
We're going to cover four broad topics in this lecture.
First, what exactly is cyber risk?
Second, we'll talk about the importance of leadership, in making determinations
of what kind of risks we're willing to take, and how.
Third, we'll cover how to think strategically about cyber risk.
Finally, I will provide some resources, so that going forward you can deal with cyber risk in your own organization.
1:23
There are a few things, that by the end of this lecture, I hope you'll take away.
First, is that cyber risk is a pervasive, existential organizational risk.
That means that it's not just a risk to the IT infrastructure,
but rather there is risk to the business as a whole.
Second is that because this is a strategic risk, there is a leadership role in understanding cyber risk,
and it's incumbent on experts to help leaders set organization-wide strategy.
Third is that we can set risk appetite for cyber risk, just as we do for other risks,
for example, financial risk or reputational risk.
Additionally, these risks are intertwined with cyber risk in a number of ways,
that need to be addressed at the strategic level.
Finally, cyber risk needs to be understood and communicated, in organization or business-relevant terms.
That means, depending on the nature of your organization,
depending on the nature of your business, you must understand cyber risk either in
economic terms, or in terms of impact on individuals, or groups,
or for other organizations, especially for government organizations or
organizations that government institutions rely upon.
It might also mean national security terms.