The Risk Oversight Challenge: Who Should Own Cyber Risk? (Part 2)
Wednesday, August 5, 2015
The debate continues in part 2 of our series, The Risk Oversight Challenge: Who Should Own Cyber Risk? This episode continues the discussion surrounding risk management and what committee, if any, should own risk oversight — or whether boards should consider forming a dedicated risk committee.
Impassioned panelists examine the concept of a “risk champion,” and while all agree a champion is important, the experts divide on where that champion comes from and who it is.
Prompted by a need to focus on cyber risk as a growing part of risk oversight, the case is made to wisely consider a myriad of options. Audit committees have little room in their agendas to deal with such concerns, both currently and as they continue to escalate in the future.