Ep287: Top 6 Executive Cyber Governance Stories of the Week – Impact and Actions for Your Board and C-Suite (2024.07.25)

🎙️ CyberBoardCast™ Ep287 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 287, 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.    Data Breaches Highlight Lack of Basic Cyber Controls – WSJ: Major companies like AT&T and UnitedHealth Group failed to implement basic cybersecurity measures, exposing severe vulnerabilities. Boards must ensure basic cybersecurity controls are in place across all systems.

 

2.    Preparing for the Next Worldwide Tech Outage – WSJ: The CrowdStrike outage shows the need for high standards in vendor development and update quality. Boards should oversee that vendors are held to stringent standards.

 

3.    OIG Audit: HHS Secretary Must Improve Cloud Security Controls – HealthTechSecurity: The audit reveals significant cloud security gaps at HHS, highlighting the importance of robust cloud security practices. Boards should ensure comprehensive cloud security policies are mandated.

 

4.    Insurers Brace for Claims From Global Tech Outage – WSJ: The financial impact of the CrowdStrike outage underscores the need for robust cyber insurance. Boards should review and update cyber insurance policies with their legal and risk management teams.

 

5.    CrowdStrike Explains What Went Wrong Days After Global Tech Outage – WSJ: The post-mortem stresses the need for better quality control in software updates. Boards should ensure canary deployments and staged rollouts for updates are mandated.

 

6.    SolarWinds Defeats Part of SEC’s Fraud Case Over Hack – WSJ: The legal challenges emphasize the importance of transparency and accurate risk disclosures. Boards should ensure clear communication policies regarding cyber risks and breaches.

📅 Tomorrow, we will return to our regular programming and the mini-series on Crisis Management and Breach Response for Boards and C-Suites. Stay tuned!

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