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“Cyberattacks are now the foremost risk to the global financial system, even more so than the lending and liquidity risks that led to the 2008 financial crisis, according to Federal Reserve Chairman Jerome Powell.” (CNN interview 2021)

Global organizations are facing growing cyber threats estimated to cost US $10.29 trillion by 2025 (Statista, 2023).

As fiduciaries, board members hold ultimate responsibility for the actions and governance of their organizations, including potential personal liability for breaches of fiduciary duties. In the United States, the financial impact of cyber breaches is significant, with organizations incurring costs between $4.2 million and $5 million per incident, highlighting the critical risks that boards must address.

Are you a board member seeking guidance to understand, manage, and effectively fulfill your cybersecurity-related fiduciary responsibilities in an increasingly complex threat environment?

Would you benefit from a more integrated approach to aligning your organization’s cybersecurity strategies with its overarching Enterprise Risk Management framework?

Do you and your fellow board members need a reliable method to continuously monitor your organization’s compliance and breach status at global, regional, national, or subsidiary levels?

Our solution: CyberGov™ Fiduciary Cybersecurity Compliance Management System

Our user-friendly yet powerful AI/ISO-based SaaS platform, CyberGov™: Board Cybersecurity Fiduciary Governance for the Enterprise (currently in development), is specifically designed to address these needs.

In the event of regulatory investigations or fiduciary duty challenges, CyberGov™ maintains an ongoing audit trail of board actions, with reports accessible by region, country, or individual subsidiary. This provides boards with essential documentation and assurance for governance oversight at every level.

 

Our value proposition

An easy to use, yet sophisticated,  means for staff and board members to meet their cybersecurity fiduciary duty by:

– Confirming that the company adheres to best-in-class, enterprise-level cybersecurity governance.

– Providing  senior management and boards with evidence of ongoing oversight enabling a robust defense of their actions in the event of an SEC or other government investigation.

– Updating as needed in response to changes in regulatory requirements based on geographical jurisdiction.

– Assuring capital markets that cyber issues are being dealt without delay and with outside expert resources if needed.

– Assisting  cybersecurity risk assessments for mergers and acquisitions.

Board members, staff, investors, and other stakeholders can be confident that the leadership is fully committed to upholding its cybersecurity fiduciary duty of care, creating a safer, more secure environment.