CYBERSECURITY OVERSIGHT FOR BOARDS
Board directors, trustees and advisory board members play a crucial role in the governance and stewardship of publicly and privately owned organizations.
Course Information
Investment
$850 CAD per person
Course Dates and Times:
January 9 - February 6, 2023
(Every Wednesday, 12PM - 1PM MST)
Cybersecurity knowledge is crucial to fulfill fiduciary duties and make informed strategic decisions in an increasingly complex world.
Malicious attacks are escalating at an unprecedented rate - both in terms of severity and sophistication. Organizations understand the massive threat that ransomware, data-breaches and hacking pose to their business and their customers. Corporate espionage, data exfiltration and intellectual property theft are at an all-time high, leading to catastrophic economic and reputational damage for victims.
The global cybersecurity market is projected to surpass $500B U.S. dollars by 2030 (Bloomberg). Understanding the nature of cybersecurity risk is essential to managing business risk. It’s imperative that board members have a nuanced understanding of cybersecurity to ensure the necessary measures are in place to protect sensitive data, maintain compliance, and mitigate cyber risks.
(2023) Source: CVG Strategy
“Colonial Pipeline Co. and its owners acted negligently by employing lax cybersecurity standards that left the company vulnerable to a massive ransomware attack, a proposed Georgia federal court class action alleges.”
(2021) Source: Bloomberg Law
“The Suncor attack likely to cost company millions of dollars.”
(2023) Source: Financial Post
“Solar Winds executives receive Wells Notice from U.S. SEC.”
(2023) Source: Reuters
“The global average cost to companies of a data breach hit an all-time high in 2022 of US$4.35 million, a 13 per cent increase from 2020. In the United States, the average cost to companies of a data breach in 2022 was US$9.44 million.”
(2022) Source: IBM