Episode 4 - Simplifying Risk Communication: Strategies for Effective Communication and Budget Management

Episode 4 - Simplifying Risk Communication: Strategies for Effective Communication and Budget Management
Event Details
April 25, 2023 11:00 AM - 12:00 PM EST
Event Summary

CyberEdBoard CISO Series

From Ignition to Transformation: A CISO's Guide to Starting Strong and Staying Ahead

The CyberEdBoard CISO Series is a comprehensive 6-part program crafted by some of the leading CISOs in the industry. Whether you are transitioning to a new organization or established in your role, this series offers a unique opportunity to learn from the experts in the field. With a focus on the strategic side of security, the series provides valuable insights to help CISOs effectively balance the needs of the business with the necessary security measures. 

Each episode focuses on a crucial aspect of the CISO role. Our guests are seasoned security experts who share their insights and experiences on topics such as off-boarding and on-boarding, communication and stakeholder relations, governance, building a top-performing cybersecurity team, risk communication and budget management, operationalizing a security program, and securing critical assets. 

This series offers a valuable resource for continuing your professional development and staying ahead of the game. Don't miss out on this opportunity to hear from the best in the industry and take your CISO role to the next level.

Episode 4 - Simplifying Risk Communication: Strategies for Effective Communication and Budget Management

Join us for a strategic session on simplifying risk communication. Learn how to effectively communicate the impact of business critical vulnerabilities. Discover how to brief the board and ELT on the controls in place to identify risk, as well as the gaps that persist. Understand the importance of a quarterly budget that clearly expresses each category of expense and its impact on overall risk. We will also discuss:

·       Business Strategy: Create clear communication in simple English to explain risk to the board and ELT.

·       When a business critical vulnerability is mentioned, it should be positioned as high, medium or low risk - this will assure a common language vocabulary that is easy to understand.

·       At a very high level, briefly explain the controls that are in place to identify risk as it appears, and any gaps that persist

·       How to clearly articulated quarterly budget that showcases the relationship between each category of expenses and its effect on risk

·       Explain your process rigor both for budgeting and expanse management, training and education, and technologies and explain what metrics you will use to monitor your KPIs

·       Outline critical dependencies, either direct or transitive, assign them a risk factor and identify the impact they will have on performance


Members can register in the platform here: https://members.cyberedboard.io/networks/events/36782

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American Express
BNP Paribas
Capital One
Coca Cola
Colgate Palmolive
Cushman and Wakefield
Defense Logistics Agency
Five Below
GE Healthcare
JPMorgan Chase
Little Caesars Pizza
Morgan Stanley
Motorola Mobility
Societe General
Standard Chartered Bank
Wells Fargo