Board of Directors Advisory Services
Advisory panel believes there will be an increase in cyberattacks against generative AI tools
The introduction of new technologies like AI emphasizes the need for boards to get educated on cybersecurity to address emerging technology risks. Innovation is rapidly accelerating, and the pressure on businesses to integrate these impactful new applications is steadily increasing.
To establish an effective defense, it is essential to embed cybersecurity into the foundation of everything the company does. And the only way to do that is to make sure that leaders all the way up to the Board of Directors are enabled with the right skills to make informed decisions.
Clarus Tech Partners provides a comprehensive Board of Directors program tailored for your public, private or non-profit organization covering the Securities and Exchange Commission (SEC) requirements, emerging technologies, cybersecurity and global regulations, risk assessment, stakeholder impacts, governance strategies, and incident response - shifting the perception of cybersecurity from a technical issue to a strategic asset.
The SEC's New Rule on Cybersecurity
The SEC’s recent adoption of cybersecurity rules mandates public companies to disclose material cybersecurity incidents and maintain robust risk management, strategy, and governance programs.
Even if your company isn't publicly traded, as a third party, you may still be held to these standards by investors and stakeholders. Private organizations are also adopting similar measures to align with current industry best practices.
These regulations underscore the need for board members to possess a solid understanding of the organization’s cybersecurity landscape to align with their fiduciary and statutory responsibilities.
SEC Requirements Overview
Annual disclosure of cybersecurity risk management, strategy, and governance.
The disclosures must include:
The Board's knowledge and oversight process, including any delegation to committees.
How the Board is informed about risks from cybersecurity threats.
Management's role in assessing, identifying, and managing material risk from cybersecurity threats.
Any "material" cyber incidents within 4 days.
Effective reporting dates: December 18, 2023 (larger companies) and June 15, 2024 (smaller companies and foreign private issuers).
How will your board comply with the new SEC Cybersecurity requirements and global regulations?
Our Board of Directors Program includes understanding your company's unique requirements and tailoring the agenda to align with your specific needs.
Understanding the SEC Cybersecurity and Reporting Requirements
Board's Fiduciary Duty & Importance of Oversight
Cybersecurity 101: What Boards Need to Know
Direct & Indirect Costs of a Data Breach
Staying Ahead of Emerging Threats (AI,IoT, Data Analytics)
Cybersecurity and D&O Insurance
Global Cybersecurity & Data Privacy Regulatory Landscape
Assessing Your Cybersecurity Governance Framework
Collaboration between Board, Executive Management & IT
Board's Pivotal Role in Compliance
Clarus Tech Partners’ comprehensive Board of Directors Program aligns organizations with SEC requirements, enhancing the role of the Board of Directors and Executives in cybersecurity, data privacy, and regulatory compliance.
Incident Response Planning & Table Top Exercises
Policies & Procedures Development
Third-Party Risk Assessment
Security Risk Assessment & Audit
Data Privacy Impact Assessment
Vulnerability & Penetration Testing
SOC2/ISO 27001 Readiness
Contact us today to inquire about additional services for your board of directors cybersecurity program.