Why Cybersecurity Should Be a Board-Level Priority in Every Company - Perspective from Serhii Mikhalap
Cybersecurity has become one of the most important issues for boards of directors worldwide. This article highlights why you must treat cyber defense as a strategic priority, emphasizing the risks companies face when executives leave it to IT alone. Read the article for critical insights into the role governance plays in building resilient security strategies. Then, contact iTech DMV Solutions to talk about how we can help align cybersecurity with your leadership priorities.
Why is cybersecurity a board-level priority?
Cybersecurity has evolved into a critical component of corporate governance due to the increasing sophistication of online threats and the rising costs associated with breaches. As Serhii Mikhalap points out, treating cybersecurity as a checkbox exercise can lead to significant vulnerabilities. Boards need to oversee strategic risks, and with cyber risks becoming a major concern by 2025, integrating cybersecurity into board discussions is essential for protecting the organization’s reputation and financial health.
What are the consequences of neglecting cybersecurity?
Neglecting cybersecurity can lead to severe consequences, including financial losses, erosion of trust, and potential legal repercussions. Mikhalap emphasizes that a breach can derail critical business activities such as IPOs or mergers and acquisitions. In regulated industries, the stakes are even higher, with fines and lawsuits being common outcomes. Additionally, companies that do not invest in cybersecurity risk falling behind competitors who prioritize resilience.
How can boards improve their cybersecurity posture?
Boards can improve their cybersecurity posture by integrating cyber risk into enterprise risk management, hosting educational workshops, and conducting independent assessments. Regular briefings from CISOs or external experts can help board members understand the technical aspects of cybersecurity. Additionally, scenario planning and aligning budgets with the company’s digital footprint and threat exposure are crucial steps to ensure that cybersecurity is treated as a business enabler rather than just an IT issue.
Why Cybersecurity Should Be a Board-Level Priority in Every Company - Perspective from Serhii Mikhalap
published by iTech DMV Solutions
About Us
iTech: Your Trusted Technology Partner
At iTech, we bring over 30 years of experience as an exclusive Microsoft Partner. Our mission is to empower value-added resellers (VARs) like you to thrive and succeed while maintaining control of your projects. Here’s how we do it:
- Requirement Gathering: Our streamlined process ensures efficient requirement gathering with expert consultants.
- Development: We leverage Microsoft methodologies for faster time-to-market.
- Proactive Support: Expect Dynamics 365 upgrades and business continuity support.
- Global Reach: Our services extend across borders with country-specific expertise.
- Quality Upgrades: Timely project delivery and quality work.
- Comprehensive Testing: Rigorous testing processes.
- Standard Documentation: We adhere to Microsoft standards for documentation.
Technology Reseller Integrator: Seamless Solutions Integration
As your trusted technology solutions integrator, we seamlessly blend SaaS products, hardware, and software into your existing ecosystem. Here’s what sets us apart:
- Understanding Your Ecosystem: We analyze your infrastructure, data, and platforms.
- Customization and Configuration: Tailoring solutions to meet your unique needs.
- Technical Expertise: Our team of 5,700+ experts ensures successful implementation.
- Long-Term Partnership: Trust us to address your ambitions and insecurities.
- Modernization: Stay competitive in ever-changing markets.
- Data-Driven Decisions: Leverage data effectively within your systems.
Whether you’re navigating Microsoft 365 or integrating cutting-edge solutions, we’re here to support your digital journey. Welcome to the future of technology!
Sign in with LinkedIn