Security Performance Metrics
Challenge
Boards of directors are ultimately responsible for the futures of their companies. Shareholders expect, if not demand, that their company—and particularly its board—invest in mitigating the risk of a cyberattack. As boards become increasingly accountable for cybersecurity, they must understand their unique legal obligations for cyber incidents. Boards must also have access to appropriate levels of cybersecurity expertise, and management must define a clear cybersecurity framework for a company to follow. Moreover, boards must fully comprehend organizational cyber risk; what risks they are accepting, mitigating, or transferring; and, most importantly, that cybersecurity is no longer just an “IT” issue.
Solution
EBG attorneys provide a full range of services to boards of directors in this area. For example, our services include:
- Assisting boards of directors in developing effective cybersecurity programs that follow (i) NIST’s Cybersecurity Framework or other risk reduction frameworks, which consists of standards, guidelines, and practices to promote the protection of a company’s critical infrastructure, and (ii) HITRUST metrics.
- Advising boards on best practices, such as closely reviewing cyber incidents and vetting management reports with outside experts.
- Identifying each client’s vulnerabilities, developing risk management policies and procedures, and supplying our security performance metrics tool, which allows boards and leadership to create actionable security metrics and receive reporting on cybersecurity vulnerabilities in real time.
- Working directly with boards to not only engage companies and management teams in meaningful dialogue on cybersecurity issues but also help them monitor their company’s risk and detect vulnerabilities as they happen.