Cyber Security: Is it a board room discussion or an IT function?

Monday, 19 September 2016 00:02 - - {{hitsCtrl.values.hits}}

A senior officer in a leading bank clicks on an email with a picture of his elder son scoring a six in a cricket match recently. He remembered the same picture was published on the son’s public Facebook page, and he was again delighted to see the same image again from someone else. Two weeks later, media reported the bank’s swift system is breached and the impact in USD millions.

Frequent headlines announcing the latest cyber breach of a central bank in the region, prominent financial institute, or hacking of a website damaging the reputation of an organisation are the norm today, leaving the questions of why it happened and will it ever end?

So, today most organisations have automated all of their business processes that involved computer networks and to carry out day to businesses these organisations have to provide access to their transactions via internet.

Similarly their business partners such as suppliers, logistical operators, bankers and other eco partners need to be connected online to carry out their businesses efficiently. To compete in today’s competitive markets and to minimise operational cost and provide efficient and smooth customer services all organisations need to go through this transformation.

When you open up, the challenge would be to ensure security of the company’s assets and intellectual property from hackers. Hence, today, it has become a top priority for board members to ensure that their organisations are protected from these threats without curtailing the customer service. In view of latest emerging business challenges TMC has organised an evening session to discuss how and why cyber security becomes a board room discussion and listen to experts on cyber security and the role of the board room and the senior management in assessing and mitigating these threats. This session is intended to higher management and a non technical session. Members and public are invited to book and reserve their seats for this important and interesting program.

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