Corporate Governance and Cyber Resilience: Recommendations for Board of Directors

Corporate
Governance
Running Head: Corporate Governance 0
Student’s Name

CORPORATE GOVERNANCE 1
Contents
Covering Letter...........................................................................................................................................2
Annexure A......................................................................................................................................3
Introduction......................................................................................................................................3
Cybersecurity System......................................................................................................................4
The need for Cybersecurity.............................................................................................................4
Cyber Resilience..............................................................................................................................5
Common Cyberattacks.....................................................................................................................6
Cybersecurity and Management......................................................................................................7
Conclusion.....................................................................................................................................10
References......................................................................................................................................12

CORPORATE GOVERNANCE 2
Covering Letter
To Date: 22 January 2019
The Board of Directors
Subject: - Recommendations on the application of cyber resilience protocols
Respected Sirs/
As asked by you, i have prepared a report on the matter of cybersecurity and resilience protocol
of organization. The report is attached herewith as Annexure “A” and it is to hope that the same
would fulfill the purpose.
Thanking you
Anni Watson
Corporate Governance Consultant

CORPORATE GOVERNANCE 3
Annexure A
Introduction
In the current era, the use of technologies in businesses is very normal. In the context of an
organization, technology refers to the computers, database, internet, networks and so on
(Learn.org, 2019). Organizations use these technologies with the purpose to reduce the human
efforts and to bring out more productivity out of the business activities. There are many benefits
of these technologies that an organization enjoys. Nevertheless, the negative side of such use is
also there. Use of technology also brings certain dangers for the organization, which is closely
related to cyber-attacks. A cyber attack can be understood as an attack on a computer system or
network with the intention to destroy or damage the same. A cyber-attack can be done in many
forms, which attract the negative results on the functioning of an organization (Lehto and
Neittaanmäki, 2018). Hacks and data breaches are the most common of cyber threats that an
organization often faces. In order to protect the local networks and database from such attacks, a
proper system of cybersecurity is required in an organization. In such a manner, the management
of an organization is responsible to ensure the accountability, integrity, and confidentiality in the
use of technology.
By reviewing the cyber-attack cases on daily basis, this is clear that hackers are developing
techniques of hacking day by day and therefore the cybersecurity system of an organization must
be capable to mitigate the risks out of the incidents of hacking. The report is targeted at briefing
the different elements of cybersecurity in the organization. The meaning of cyber resilience, the