Board must set cyber security agenda – ICAEW

IF BUSINESSES fail to take cyber security seriously in their business planning, regulators may do it for them the ICAEW has warned.

Richard Anning, head of ICAEW’s IT Faculty, said boards must grasp the nettle and deal with it as a priority: “Despite years of warnings, many still regard cyber security as an optional extra. This is why we are increasingly seeing more data breaches that harm consumers and businesses alike. Cyber security is integral to digital business.”

In ICAEWs latest report Audit Insights: Cyber Security, high profile data breaches and the slow pace of cyber security progress means unless boards take control of the agenda themselves, governments may decide to legislate.

Anning, continued: “Unless boards take control of these issues, it is only a matter of time before governments start to bring in tough new laws – this has already begun with the introduction of General Data Protection Regulation (GDPR). The boards can start by using cyber-by-design principles, so cyber security is seen as a precondition for trading at all.” For the full article click here

from cyber security caucus http://ift.tt/2dkcEJF
via IFTTT