NCSC Backs New Group to Help Boards’ Cyber Risk Efforts

A group of academics, government experts, charities and others has come together to help UK boards better assess cyber risk. The Cyber Readiness for Boards initiative is being funded by the National Cyber Security Centre (NCSC) and charity the Lloyd’s Register Foundation, but will also benefit from input from University College London (UCL), the University of Reading, Coventry University, the Research Institute in Science of Cyber Security (RISCS), and training provider RESILIA. It will look at the factors that shape board approaches to cyber risk and provide guidance to help them do so more effectively in the future. The project will work first with six multinationals who are at an elevated risk of attack, before expanding to cover more firms including both large enterprises and SMBs early next year. It will specifically focus on investigating four areas: board-level training; how boards evaluate cyber risk; the significance of board accountability, responsibility and composition; and the impact of investor pressure on decision-making.