How to Keep Cyberattacks from Tanking Your Balance Sheet

The threat of cyberattacks — and potential impact on corporate balance sheets — is only expected to grow. Technological advances in areas such as generative AI and automation have strengthened threat actors, leading to new and evolving threats. Against this backdrop, it becomes increasingly crucial for corporate boards to align their organizations’ cyber-risk management with their business needs. Cyberattacks are, first and foremost, a risk to a business’ integrity. They can damage the most fundamental components of a business, from the integrity of customer data to IT infrastructure, all while impacting the company’s intellectual property, reputation, valuation, and even the morale of staff. How should board directors and senior leaders be managing this type of business risk? Knowledge brings power, and the more corporate leadership knows about the impact of cyber risk on the business, the better it can provide effective leadership.