CISO Tradecraft® #146 - Living in a Materiality World
Sep 11, 2023
Exploring the concept of materiality in relation to cybersecurity incidents and the importance of disclosing material facts. Discussing the economic cost of cyber attacks and the increasing demand for information about cybersecurity risks among investors. Delving into the relationship between risk and reward in investment and the role of the SEC in enhancing cybersecurity for financial system resiliency. Emphasizing the importance of infrastructure capacity planning, stress testing, and early detection and response to cybersecurity threats. Discussing the responsibility of boards in providing governance and cybersecurity, including new SEC requirements. Exploring the importance of effective communication and collaboration for cybersecurity leaders.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 2min
Materiality in Accounting and Securities Laws
02:17 • 5min
Risk, Reward, and Materiality in Cyber Incidents
07:37 • 7min
Infrastructure Capacity Planning and Stress Testing
14:41 • 6min
Early Detection and Response to Cybersecurity Threats, New Rule Set, and Concerns about Disclosing Cybersecurity Expertise
20:27 • 2min
Responsibility of Boards in Providing Governance and Cybersecurity
22:41 • 18min
Communication and Collaboration for Cybersecurity Leaders
40:57 • 1min