Digital-series-icon Digital Series

Be board-ready for a cyber attack

Watch webinar
With

Eoghan Daly

Director - BDO
8th of June 2022 at 13:00 (GMT+1)
Via Zoom
Free

Key Takeaways

  • There are many different parts to cyber security:
    • Network security. 
    • Cloud security. 
    • Critical infrastructure security.
    • Application security. 
  • The basic concepts of cyber security are:
    • Confidentiality.
    • Integrity. 
    • Availability. 
  • Many organisation struggle with cyber security because:
    • It can be hard to keep pace of new threats.
    • Cyber skills are in short supply.
    • There can be large volumes of data making it hard to determine where the threat is coming from.
  • Having the right control framework, or cyber security governance in place is essential for the organisation.
  • Cyber security is a risk like every other risk.
  • Regulators expect directors to take specific action on risks – eg. in the financial industry.
  • Directors need to know:  
    • What are the assets at risk?
    • What are the types of risks – is it availability, integrity or confidentiality?
    • What are the risk management actions?
    • Who is responsible for these actions across the organisation?
    • What evidence is there that these actions are effective and cyber risks are managed?
  • Having clear cyber security roles and responsibilities across the organisation is essential.
  • There should be directors on the board who have the knowledge and skills to confidently question management on cyber security practices in the organisation.
  • Regular internal audits should be carried out to review cyber security and identify whether external expertise should be brought in. 
  • Knowing how to navigate a cyber incident is a critical part of cyber security. 
  • When preparing for a cyber incident:
    • Make an incident response contact list to include phone numbers, back up contacts, and key contacts such as HR, legal, insurers, pr, communications.
    • Create a basic flow chart or process so everyone can visualise what needs to happen.
  • Key questions for boards members to help prepare for a cyber attack are:
    • What has the organisation learned from previous incidents?
    • What are the most critical threats and risks to the organisation?
    • How does the organisation ensure it can respond to a cyber attack?
    • What are the organisation’s budget constraints?
    • Who are the key stakeholders and supporting teams?
    • How does the executive know that its incident response preparations will work in practice?
    • Should the organisation develop its own in-house capabilities or rely on outsources capabilities?

About

This Webinar

Global research on the state of security in 2022 tells us that 65% of organisations have reported an increase in cyber attacks in recent times. Cyber threats are evolving and the impact of an incident can be catastrophic to an organisation. Cyber security protection is now a key strategic issue for organisations, especially for the board. In this webinar, Eoghan Daly, Director with BDO Ireland, will take us through:
– Cyber security and what it is
– The relevance of cyber security to your organisation
– Cyber security governance
– Considerations for the board when navigating a cyber attack

This Speaker

Eoghan is a Director with BDO Ireland and leads the firm’s cyber security work. His experience includes helping organisations to improve their approach to the identification, assessment and management of cyber security risks. He also has experience working with organisations in mining, education, pensions, manufacturing, healthcare, government and not-for-profit sectors.

Previous Webinars on the same series

Digital Series

Navigating digital disruption: What your board needs to know

Robert Farrell
Digital transformation trainer, Lecturer & Speaker
11th of May 2022 (GMT+1)
Digital Series

Making sense of cybersecurity

Oscar O'Connor
Cybersecurity Advisor, CTO, CISO, Public Speaker and Storyteller, CAPSLOCK lead mentor and Non-Executive Director
13th of October 2021 (GMT)
Digital Series

What can a board do to avoid digital transformation failure?

Robert Farrell
Digital transformation trainer, Lecturer & Speaker
7th of April 2021 (GMT)
Digital Series

How to communicate in a virtual environment

Gerardine Lally
Founder
3rd of March 2021 (GMT)
Digital Series

Digital reality Vs real-world reality in the boardroom

Nicola Byrne
Entrepreneur, CEO
20th of January 2021 (GMT)
Digital Series

Digital transformation for boardroom directors

Robert Farrell
Digital transformation trainer, Lecturer & Speaker
21st of October 2020 (GMT)

Are you interested in presenting?

Are you a thought leader, an expert or a practitioner who wants to reach new audiences with your knowledge and expertise? Would you like to suggest a webinar topic that may be of interest to our global audience?

Get in touch

Members receive exclusive insights and opportunities

The Corporate Governance Institute provides its members with exclusive content, a network of directors and business leaders, details of available board positions, and the tools and resources required for a successful governance career.

Learn more

Insights

Insights on leadership

Do you want regular thought leadership articles and guides? Sign up for our newsletter and receive weekly insights into the vibrant worlds of corporate governance and business leadership. Stay relevant. Keep informed.