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5 Steps Corporate Boards Must Take When Assessing Cyber Risk

New handbook for C-suite decision-makers addresses key points for identifying exposures.

By Shawn Moynihan | Updated on June 20, 2014
"Recent breaches in both the public and private sectors have put the issue of cybersecurity on every board’s agenda."

With the goal of providing corporate directors with guidelines to improve their cybersecurity oversight, American International Group (AIG), the National Association of Corporate Directors (NACD), and the Internet Security Alliance (ISA) has released the latest issue in NACD’s Director’s Handbook Series, Cyber-Risk Oversight. 

In the handbook, five key steps are addressed that corporate boards must consider when assessing cyber risk at their organizations, including board composition, liability implications, disclosure issues, access to expertise, and risk-appetite calibration.

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Shawn Moynihan

Shawn Moynihan

Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].

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