Sizing up your cyberrisks by Thomas J. Parenty and Jack J. Domet; Harvard Business ReviewPublication Date: 2019
When cybersecurity efforts address only technology, the result is company leaders who are poorly informed and organizations that are poorly protected. Discussions of cyberthreats end up being filled with specialized tech jargon, and senior executives can’t participate meaningfully in them. The responsibility for addressing risks then gets relegated entirely to cybersecurity and IT staff, whose attention falls mainly on corporate computer systems. The outcome tends to be a long, ill-prioritized list of mitigation tasks. Since no company has the resources to fix every cybersecurity problem, important threats can go unaddressed. A more fruitful approach is to adopt the view that cybersecurity should focus more on threats’ potential impact on a business’s activities. That adjustment might seem minor, but when leaders start with crucial activities, they can better prioritize the development of cyberdefenses.