Why Boards Should Pay Attention to Cybersecurity?

August 27, 2020

Cybersecurity Risks in Asia: Hackers are 80% more likely to attack organizations in Asia $81 billion in business revenues lost to cyberattacks Asian organizations take 1.7 times longer than the global median to discover a breach Asian firms spent 47% less on information security than North American firms 78% of Internet users in Asia have not received any education on cybersecurity 70% of firms do not have a strong understanding of their cyber posture 74% of organizations found it “difficult or extremely difficult” to recruit cyber talent Primary insurers are reluctant to provide single coverage above $100 million Source:  Marsh & McLennan Companies, 2017

 

ABOUT THE WEBINAR

Due to high digital connectivity, low cybersecurity awareness, growing cross-border data transfers, and weak regulations, Asia is a prime target for cyber criminals. The mass migration to work from home in response to the pandemic has further intensified the threat of severe security breaches. Instinctively, boards might understand the potential damage a breach can do, but there is often a knowledge deficit that hampers boards’ capacity to stay on top of this complex and dynamic risk. Most boards simply do not pay much attention to cyber security.

Cyber risk management is a critical element for every business (regardless of its size or sector) to thrive in a digitally connected world. Boards have a key role to play in ensuring an effective strategy is in place. This webinar will help participants to:

• Better understand the board and senior management’s roles and responsibilities related to cybersecurity for good risk management
• Manage risks and challenges by utilizing appropriate cybersecurity strategies and crisis response practices
• Understand the current cybersecurity landscape in Myanmar at public, private and individual levels