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Homeland Security wants corporate board of directors more involved in cyber-security

Ellen Messmer | July 30, 2014
Setting corporate cyber-security policy and taking actions around it must be a top concern for the board of directors at any company, not just the information-technology division, the Department of Homeland Security (DHS) indicated as a high-level official there backed a private-sector effort to raise awareness at the board level.

The NACD "Handbook on Cyber-Risk Oversight" notes "a large percentage of boards continue to assign the majority of tasks related to risk oversight to the audit committee — even though more than half of the directors believe risk oversight should be allocated to the full board, and roughly a quarter believe it ought to reside within the audit committee." There's considerable debate as to whether one approach might have a single board member assigned to cyber-security oversight or not.

ISA president Larry Clinton said business leaders focus on growth, profitability, and innovation, so cybersecurity should be seen as critical in ensuring that.

 

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