Imagine you're the CFO at a firm involved in sensitive merger or acquisition discussions with your bankers and you receive an email asking for a small bit of nonpublic information on your company, the kind you've passed on before. You send the information—and later find you were the victim of a sophisticated cyber-attack.
Now imagine you're in charge of operations at a manufacturing facility. Out of the blue, your employees report that they have lost control of key systems. It's impossible to shut down a blast furnace correctly, endangering the safety of employees and others and threatening massive damage. You, too, have been the subject of a cyber attack.
These events underscore the new reality in cyber risk management: It's no longer just an IT issue. Everyone—from individual employees to risk managers to your board of directors—now has a stake in managing cyber risk comprehensively, across the enterprise.
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