Why Cybersecurity Should Be a Board-Level Priority in Every Company - Perspective from Serhii Mikhalap
Cybersecurity has become one of the most important issues for boards of directors worldwide. This article highlights why you must treat cyber defense as a strategic priority, emphasizing the risks companies face when executives leave it to IT alone. Read the article for critical insights into the role governance plays in building resilient security strategies. Then, contact Hammer IT Consulting, Inc. to talk about how we can help align cybersecurity with your leadership priorities.
Why is cybersecurity a board-level priority?
Cybersecurity has evolved into a critical component of corporate governance due to the increasing sophistication of online threats and the rising costs associated with breaches. As Serhii Mikhalap points out, treating cybersecurity as a checkbox exercise can lead to significant vulnerabilities. Boards need to oversee strategic risks, and with cyber risks becoming a major concern by 2025, integrating cybersecurity into board discussions is essential for protecting the organization’s reputation and financial health.
What are the consequences of neglecting cybersecurity?
Neglecting cybersecurity can lead to severe consequences, including financial losses, erosion of trust, and potential legal repercussions. Mikhalap emphasizes that a breach can derail critical business activities such as IPOs or mergers and acquisitions. In regulated industries, the stakes are even higher, with fines and lawsuits being common outcomes. Additionally, companies that do not invest in cybersecurity risk falling behind competitors who prioritize resilience.
How can boards improve their cybersecurity posture?
Boards can improve their cybersecurity posture by integrating cyber risk into enterprise risk management, hosting educational workshops, and conducting independent assessments. Regular briefings from CISOs or external experts can help board members understand the technical aspects of cybersecurity. Additionally, scenario planning and aligning budgets with the company’s digital footprint and threat exposure are crucial steps to ensure that cybersecurity is treated as a business enabler rather than just an IT issue.
Why Cybersecurity Should Be a Board-Level Priority in Every Company - Perspective from Serhii Mikhalap
published by Hammer IT Consulting, Inc.
Hammer IT Consulting is a leading provider of IT and Security solutions serving a wide range of industries. We have years of experience serving Local, State, and Federal Government offices. As well as, Higher Education, K-12, Healthcare, and Corporate Entities small to large throughout the United States.
Hammer IT Consulting keeps the most valuable asset of your organization secure – your data. Our team of IT Security experts help protect your organization with the help of our next generation software and service solutions. We have expertise in comprehensive IT Security services including Managed Security Services, Cybersecurity Risk Assessments, Cybersecurity Awareness Training, Information Technology Security Policy Development, Penetration Testing, IT Staffing & Leadership Services, and other services that help protect your organization.
These aren’t the standard data protection services IT security is known for – but what makes them so remarkable is that they go above and beyond those standard services. They do help companies protect data, and yet they do so much more: protect reputations, improve productivity and set forth effective policies that companies can successfully leverage for years to come.
At Hammer IT Consulting, we are committed to delivering real business value by simplifying the design, procurement, and protection of the technology solutions customers need. Our long-standing relationships with a broad range of clients clearly demonstrate our value. We help organizations effectively manage an increasingly demanding technology infrastructure environment. The U.S. based team at Hammer IT Consulting is trusted, experienced, and certified to meet all of your Information Technology and Security needs.
Sign in with LinkedIn