Boards and audit committees have developed a heightened interest in cybersecurity governance over the last three years and even more so in the past year as high-profile cyber issues have dominated the news.
Cybersecurity intelligence and reporting from the information security team are a high priority among the organization’s updates to the audit committee, says Modano. “I attend every audit committee meeting along with the CIO to report on information security within Nasdaq,” says Modano.
Phishing—fraudulent emails that bait employees so hackers can access the network—is a critical board-level cybersecurity concern. Organizations can also lose sensitive information when employees exhibit malicious insider activity by accessing and abusing data.
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