Report On Cybersecurity Policy | ACC03043 Corporate Governance

CORPROATE GOVERNANCE 2
Executive Summary
Cyber security is one aspect which is growing with in this digital age, due to
the reliance on work being conducted by the use of digital means. And with
the high use of such digital devices, the need for taking the requisite
measures for protecting the company against cyber attacks is gaining
significance. This is important because the cyber attacks cause major
damage to the operations of the company, where they can lock the company
employees out of the system, use the funds of the company, spy on the
company data and different other measures which hurts the company. All
this enhances the need for the companies to adopt a proper cyber attack
policy and to integrate the cyber security and resilience protocols in the day
to day working.
This report has been drawn up essentially to provide a comprehensive detail
on the need for the cyber security policy, along with the recommendations to
adopt one for the company.

CORPROATE GOVERNANCE 3
Contents
Introduction.....................................................................................................4
Need for Cyber Security...................................................................................4
Cyber Security and Resilience Protocols..........................................................6
Best Practices..................................................................................................7
Recommendations for initiating Cyber Resilience Policy...............................10
Conclusion.....................................................................................................11
References.....................................................................................................13

CORPROATE GOVERNANCE 4
Introduction
The world is becoming highly reliant on internet due to the advent of the
digital age. And so, each and every work of an individual, including the big
organizations is reliant upon the internet, per se the digital means. Due to
this reliance, there is a need to put proper safeguards to protect the business
being transacted through these digital means. The reason behind these
increase steps towards security of digital means lies in the high threats of
cyber attacks. And this presents a strategic challenge for the leaders of all
the sectors where they are not only required to take advantage of the
technological advancements, but also have to counter the cyber risks. There
has been a rising misuse of technology posing a threat to cyber security and
innovative steps are required to counter these (World Economic Forum,
2017).
There is a need for the company’s board to identify and mitigate these risks
and take the requisite steps towards countering the risks arising from cyber
attacks (Willson and Dalziel, 2015). Due to these reasons, a report has been
presented here where the need for cyber security, along with the steps
required for drawing up a cyber resilience policy of the company have been
elucidated.