Deliver Boardroom-Ready Cyber Metrics With Our Reporting Template
Explore the key metrics and KPIs to include in high-level executive presentations and meetings. Leverage the cybersecurity information most valuable to stakeholders and decision-makers as they strategize and plan the budget for the upcoming year. Access the free template today!
Cybersecurity Board Presentation FAQs
Speak to an ExpertWhich cybersecurity metrics are my board members interested in?
Board members and other high-level executives ultimately care about how cybersecurity risks and activities can affect the bottom line. They are primarily concerned with the likelihood of the organization experiencing different cyber events and loss scenarios, along with the relative financial exposure these situations can have. They also want to know how budgets are being spent, making the ROI of cyber initiatives similarly an important metric to communicate.
How does cyber risk quantification optimize my board reporting?
Typically, cybersecurity metrics are technical and complex and not easily understood by stakeholders who lack a background in cybersecurity. By leveraging a cyber risk quantification platform, CISOs can translate these obscure data points and terms into facts and figures that resonate, such as event likelihood and respective financial losses. Equipped with this information, board members can meaningfully participate in discussions regarding cyber matters.
Does CRQ help me to demonstrate the ROI of cybersecurity initiatives?
Yes! CRQ platforms like Kovrr's offer a cybersecurity ROI calculator to help CISOs determine the cost-effectiveness of various cybersecurity control upgrades. Additionally, we offer insights about the relative reduction in financial exposure per these upgrades, according to various cybersecurity maturity frameworks. For instance, if your organization utilized the NIST CSF, our CRQ solution illuminates how much an enhancement from Tier 1 to Tier 2 reduces potential monetary loss.
How often should I be reporting cybersecurity metrics to the board?
While it varies per organization, the ideal reporting cadence is once every quarter. Just as with other forms of operational risk, board members should remain updated with the latest cybersecurity information. Not only will this quarterly meeting help to improve the relationship between CISOs and high-level stakeholders, but it will also help to ensure cybersecurity is embedded within the broader business objectives, which is crucial nowadays for achieving high-level resilience.