Risk Management: The Board vs The Security Department

19th of August 2016

Understanding the threat landscape and the risks that your organisation and your clients are exposed to has gained critical importance to a successful business – but the board and the IT security department often have different priorities.

The use of technology to manage vast amounts of critical business information presents organisations of all types and sizes with new challenges and operational risks. Data breaches, denial of service attacks, and other security incidents can result in significant direct and indirect costs and have long-lasting effects on brand and reputation.

Understanding the risks and what you can do to make your organisation more resilient is key to protecting your brand, reputation and sensitive customer information. Building a cyber-resilient organisation can be a complex process but not an impossible one.

James Pearce, associate director at NCC Group, will be visiting us from the U.K. to shed light on how companies approach risk management, including real-life examples from both ends of the best practice/what-not-to-do spectrum. James will explain how the board’s and the security department’s views of cyber risk differ, and how we can glue the two together to create a coherent view.

We will discuss common questions such as:

  • How much detail is enough when we are assessing risks?   
  • Tooling: do we have the right tools in place?
  • Are our risk management capabilities improving continuously as we navigate through a rapidly changing threat environment?
  • Is our understanding of risks spread throughout the organisation?
  • Have we integrated risk management with the appropriate processes?

Most importantly, you will come away with an idea of an end-to-end view of risk – from identifying threats to building a response plan.

The sessions will be held on September 2nd in Copenhagen (the exact address will be provided in week 34). You can choose between the following time slots: 9-10.30 and 11-12.30. Participation is free, but seats are limited, so make sure to book your spot in advance.