The world's first bespoke cybersecurity governance enablement programme, Lighthouse, has been announced, in a partnership with global cybersecurity firm ISTARI.
Previous research conducted by Saïd Business School at the University of Oxford and ISTARI uncovered that 72% of global CEOs at major corporations were uncomfortable making decisions about cybersecurity. The Wall Street Journal found that 98.2% of S&P board directors do not have expertise in cybersecurity.
In today's digital landscape, where cyber threats are increasingly sophisticated and prevalent, the individuals leading a company must have sufficient cybersecurity experience to govern cyber risks adequately. Otherwise, it jeopardises the company’s resilience.
Lighthouse, Oxford Saïd's first of its kind custom programme, aims to demystify cyber risk by putting it in the context of business risk and risk appetite. Through an in-person session, board members will hear how others are governing cybersecurity risk and learn from other companies' mistakes. Lighthouse also provides an independent evaluation of each board’s cybersecurity governance processes and offers bespoke recommendations and best practices for building their organisation’s resilience to cyberattacks.