CDEXOS Overview: Security has become an increasingly pressing concern for businesses of all sizes, with cyber attacks and data breaches making headlines on a regular basis. As a result, company boards are becoming more aware of the importance of cybersecurity and are asking more questions about the measures in place to protect their organizations. In this article, we’ll discuss six of the most common security questions that your board will inevitably ask, and provide some tips for preparing and answering them…Enjoy!

A Guiding Path in Preparing for Board Security Questions

1. Assess the current state of your company’s security infrastructure, including policies, technologies, and procedures.
2. Stay informed about past data breaches and have a response plan ready.
3. Ensure your company complies with industry regulations and standards.
4. Create a clear and well-rehearsed incident response plan.
5. Train employees through an effective security awareness program.
6. Allocate the budget for maintaining strong security posture based on its cost.

6 Security Questions that Your Board is Sure to Pose

1. What is our overall security posture?

This question is often asked to gauge the overall state of the company’s security infrastructure. This can include a review of the company’s security policies, technologies, and procedures. A board member might also ask about the company’s approach to risk management, incident response planning, and security awareness training.

2. Have we had any data breaches?

Data breaches can have a significant impact on a company’s reputation and bottom line. If a data breach has occurred, a board member might ask about the extent of the damage, what steps were taken to mitigate the impact, and what steps are being taken to prevent similar incidents from happening in the future.

3. Are we following industry regulations and standards?

Cybersecurity regulations and standards can vary depending on the industry and country in which a company operates. A board member might ask about the company’s compliance with regulations such as the General Data Protection Regulation (GDPR) and the Payment Card Industry Data Security Standard (PCI DSS).

4. How do we handle incident response?

In the event of a security incident, it’s important for companies to have a clear and well-rehearsed incident response plan. A board member might ask about the company’s incident response plan, including how incidents are detected, reported, and contained. They might also ask about the roles and responsibilities of different teams during an incident, and how communication is handled during an incident.

5. What are we doing to educate our employees on security?

Employee security awareness is a critical component of overall cybersecurity. A board member might ask about the company’s security awareness training program, including how often employees receive training, what topics are covered, and how employee training is monitored and evaluated.

6. What is our budget for security?

Cybersecurity can be an expensive proposition, and a board member might ask about the company’s budget for security technologies, personnel, and other resources. It’s important to have a clear understanding of the costs involved in maintaining a strong security posture, as well as a plan for how the budget will be allocated.

CDEXOS Summary

The security questions posed by your board can be comprehensive, but they are important to answer, and should not be taken lightly. Being well-prepared and transparent in your responses can demonstrate your commitment to security and help to build trust with your board. By staying up-to-date on industry regulations and standards, implementing effective security measures, and having a clear and well-rehearsed incident response plan, you can help to ensure that your company stays secure and protected.

Let CDEXOS provide you with a complementary Cybersecurity Assessment by completing our request form today!

Sam Palazzolo, Founder/CEO