Cyber Risk = Balance Sheet Risk = Executive Risk
Fair or not, Managing Directors, CEOs and Board Members are increasingly being held accountable by owners and shareholders for their organization's cyber security. Managing cyber risk, therefore, must be considered a key business initiative that executives must understand, champion and ultimately 'own'. Managing cyber risk is not, therefore, strictly the responsibility of the Chief Information Officer or the "IT" Manager. No matter how large or small an organization is, managing it's cyber risk is a responsibility that starts at the very top.