Episode Transcript
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0:00
a message from Yusuf Azizullah, CEO of Boardroomeducationcom
0:05
Summary of the US Securities and Exchange Commission's
0:05
(SEC) new rules on cybersecurity risk management,
0:11
strategy, and incident disclosure for executives and
0:11
board of directors
0:16
Executives and board members should adhere to the
0:16
following measures to comply with the new rules:
0:21
Appoint a Chief Information Security Officer (CISO)
0:21
with the necessary authority and resources to effectively
0:28
manage cybersecurity risks within the organization.
0:31
Develop and implement a comprehensive cybersecurity
0:31
risk management program comprising policies, procedures,
0:36
and controls that aim to mitigate cybersecurity risks.
0:40
Regularly conduct risk assessments to identify and
0:40
prioritize potential cybersecurity risks.
0:46
Implement appropriate measures to minimize identified
0:46
risks and safeguard against cybersecurity threats.
0:52
Consistently test and monitor the effectiveness of
0:52
the cybersecurity risk management program to ensure
0:57
its ongoing suitability and efficacy. Promptly disclose material cybersecurity incidents
1:00
to investors, ensuring transparency and accountability.
1:06
By following these steps, executives and board members
1:06
can best safeguard their companies against cybersecurity
1:12
risks, promoting overall protection and resilience.
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