Ep294: Top 6 Executive Cyber Governance Stories of the Week – Impact and Actions for Your Board and C-Suite (2024.08.04)
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🎙️ CyberBoardCast™ Ep294 Is Live: Top 6 Executive Cyber Governance Stories of the Week – Impact and Actions for Your Board and C-Suite In our cyber governance news roundup from the week on CyberBoardCast™ with Andrzej Cetnarski Episode 294, we dive into the top cyber governance stories of the week, their impact on your organization, and the strategic actions your Board and C-Suite should take. Join us! 🔑 Key Highlights: 1.    CrowdStrike Sued by Investors Over Massive Global IT Outage – Bleeping Computer: The lawsuit highlights the failure of CrowdStrike’s Board, poor investor due diligence, and over-reliance on single-point-of-failure providers. Boards should mandate comprehensive quality control checks for software updates and review vendor agreements for liability coverage. 2.    Delta Hires David Boies to Seek Damages from CrowdStrike, Microsoft – CNBC: Delta’s legal action for $300mm-$500mm damages illustrates potential financial, reputational, and legal repercussions. Legal Counsel should develop robust incident response and legal strategies, and the CEO should participate in regular tabletop exercises. 3.    What Health IT Pros Can Learn from the CrowdStrike Outage – HealthTech Security: The article emphasizes resilience and redundancy in IT health systems. Boards should mandate robust incident response and business continuity plans, regularly tested by the CIO and CISO, with the Risk Committee overseeing preparedness. 4.    What is the Health Breach Notification Rule, Who Does It Apply To? – HealthTech Security: This rule requires notification of breaches of unsecured protected health information. Boards should ensure a strong understanding of this rule to avoid fines and reputational damage, with the Compliance Committee working with Legal Counsel. 5.    Why Market's Most-Regulated Sectors Need Military-Grade Cybersecurity – CNBC: This article stresses the need for high-security standards in regulated sectors. Boards should advocate for military-grade cybersecurity protocols, with the CSO and CISO implementing and updating these measures and the Risk Committee overseeing their effectiveness. 📅 Tomorrow, we will return to our regular programming and the mini-series on “Advanced Cyber Roles and Responsibilities for Board Directors and C-Suite Executives,” a critical topic in light of the continued fallout from the CrowdStrike-caused global IT outage. Stay tuned! 🔗 Subscribe at CyberNationCentral.com/CyberBoardCast. Ensure your Board and C-Suite are ready to lead cybersecurely at the highest level. Earn the Certified Cyber Fiduciary™ (CCF™) Certification by Cyber Nation Central® the most trusted provider of Certification Insights and Advisory for Boards and C-Suites. Schedule your consultation at cybernationcentral.com. 🎙️ Watch and Listen to CyberBoardCast™ Daily: 🎥 8AM ET on Spotify (https://lnkd.in/gu3439Rg) YouTube (https://lnkd.in/g_gaufFP) and LinkedIn (https://lnkd.in/gtihFf6Q) 🎧 Apple Podcasts, Audible, Amazon Music, or your preferred podcast platform 9AM ET or shortly after. #CyberSecurity #TechOutage #CloudSecurity #CyberInsurance #CyberControls #RiskManagement #CyberNationCentral #DataPrivacy #BoardCyberReadiness #CybersecurityProtocol #CyberGovernance #BoardCybersecurityStrategy #CSuiteCybersecurityStrategy #CorporateGovernance #BoardroomCulture #CSuiteCulture #CyberDefense #CultureOfCybersecurity #BoardTraining #CSuiteTraining #CEO #CSuite #BoardChair #CISO #ExecutiveCybersecurityBlueprint #BoardCybersecurity #BoardEducation #ExecutiveEducation #Management #CyberDefense #CyberRoles #CNCDO #AndrzejCetnarski
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