Translating Cyber Risk into Business Risk - Cybersecurity Leadership Summit 2021

SANS Institute · Advanced ·📄 Research Papers Explained ·4y ago
If anything resonates with the C-suite and the board, it's the almighty dollar in both making it (revenue) and saving it (reducing costs/operational efficiency). Technology adoption brings about a tremendous growth opportunity for businesses (e.g., revenue). According to the World Economic Council, more than 50% of the world's population is now online, approximately one million people go online for the first time, ever, each day, and two-thirds of the global population own a mobile device. Additionally, technology adoption can reduce costs by automating existing manual processes, enable mobility so that an employee is no longer chained to their desk, and reduce human error. Now, couple technology adoption by organizations with the rapidly increasing cyber threat landscape. Per IBM, the average cost of a data breach ROSE from $3.86 million in 2020 to $4.24 million in 2021. Much of this can be attributed to a forced shift from a mainly in the office work culture to a 100% remote work culture almost overnight. The speed of technology adoption required of many firms to support the new "normal" workforce was mindboggling, leaving cybersecurity teams struggling to keep pace. The statistics mentioned above are only an appetizer for this presentation’s main course, which outlines how to translate technical cyber risk to business-level risk. The good thing is that C-suite executives and the boards of directors are open to that conversation now more than ever before. About the Speaker Kyriakos “Rock” Lambros is the CEO and Founder of RockCyber, LLC. He is a seasoned Cybersecurity and Information Technology executive with expertise in aligning Cybersecurity and technology strategy with enterprise business goals in order to reduce the risk of revenue to the organization. SANS is the most trusted and by far the largest source for information security training and security certification in the world. It also develops, maintains, and makes available at no cost, the largest coll
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