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[council] CEOs and Directors Need to Tackle Cyber Security Threats
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- Subject: [council] CEOs and Directors Need to Tackle Cyber Security Threats
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- Date: Thu, 13 Dec 2007 12:02:14 +0100
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http://www.icann.org/announcements/announcement-12dec07.htm
CEOs and Directors Need to Tackle Cyber Security Threats
Report Highlights New Security Environment and Critical Steps for CEOs
to Protect their Business
12 December 2007
Washington, D.C. - CEOs must make cyber security a top priority or their
businesses could fall victim to industrial espionage similar to recent
cyber attacks on such large companies as Rolls-Royce and Royal Dutch
Shell. That's the conclusion the report Cyber Attack: A Risk Management
Primer for CEOs and Directors released today by the British-North
American Committee (BNAC) and the Atlantic Council of the United States,
a U.S. sponsor of the Committee.
The one global Internet, for which the Internet Corporation for Assigned
Names and Numbers (ICANN) coordinates addresses, makes possible about
$2.8 trillion in global e-commerce annually.
"As enterprise on the Internet has become more sophisticated, so have
cyber criminals," said Dr Paul Twomey, ICANN's President and CEO, and
one of the report's main authors. "The message of this report is clear -
senior government figures and leaders of corporations need to make
cyber-security a personal priority."
"Global investors, CEOs and board directors, while measuring risks to
the corporate bottom line, will have to know what they are doing to
prevent data compromises. CEOs are not IT experts and they don't have to
be. This report is a quick comprehensive reference list of things that
every chief executive should know and do," said William Mayer, founder
of Park Avenue Equity Partners and chairman of the BNAC Cyber Security
and Business working group.
"We live in a completely different environment wherein people and
businesses are dependent on technology and the Internet and while this
helps us run are companies better, we need to realize that there are
corresponding risks and threats. Cyber security is therefore critical to
the success of every enterprise," said Frederick Kempe, Atlantic Council
president and CEO and a BNAC member. "It must be an integral part of
every CEO and directors thinking and planning."
The report calls on CEOs and corporate directors to take actions to
protect their businesses and organizations from cyber attacks. It
identifies information security threats, and most commonly made mistakes
in data security and provides recommendations for business and corporate
leaders to manage cyber security risks.
"This report is a timely reminder to all organisations - large and
small, public and private - of the need keep up with best data security
practices. The risks are very real but help is at hand," said Clive
Mather, until recently president and CEO of Shell Canada and a BNAC member.
Among its recommendations, the report urges CEOs and directors to:
* Establish a comprehensive information security policy,
implemented by senior management;
* Hold a company-wide security audit to expose vulnerabilities and
strengths and give a complete picture of an organization's security
requirements;
* Underpin a robust security culture with frequent and rigorous
testing; and
* Prioritize keeping abreast of changes in security technology and
best practices, including through participation in relevant
international information security organizations.
The report further provides a comprehensible information security
checklist of recommendations chief executives and directors must follow
to protect their corporations against industry espionage. Endorsed by
members of the British-North American Committee, a group of
distinguished business, academic, and labor leaders from the United
Kingdom, the United States and Canada, the report is available online at
http://www.acus.org/docs/071212_Cyber_Attack_Report.pdf [PDF, 1,400].
About the British-North American Committee:
Launched in 1969, the British-North American Committee (BNAC) is a group
of leaders from business, labor, and academia in Canada, the United
Kingdom and the United States committed to harmonious, constructive
relations among the three countries and their citizens. BNAC is
sponsored by three nonprofit research organizations - the British-North
American Research Association in London, the Atlantic Council in
Washington, and the C.D. Howe Institute in Toronto. Alan R. Griffith,
formerly of the Bank of New York, and Sir Paul Judge, chairman of
Teachers TV, are, respectively, the North American and British
co-chairmen. Professor Thomas H.B. Symons, C.C. is chairman of the
Executive Committee.
About The Atlantic Council of the United States:
Founded in 1961, The Atlantic Council of the United States is an
independent, non-partisan organization dedicated to stimulating dialogue
and discussion about critical international issues with a view to
enriching public debate and promoting consensus on appropriate responses
in the Administration, the Congress, the corporate and nonprofit
sectors, and the media in the United States and among leaders in Europe,
Asia, and the Americas. The Atlantic Council's mission is to promote
constructive U.S. leadership in international affairs based on the
central role of the Atlantic Community in meeting the global challenges
of the twenty-first century. For more information about the Council's
work, please visit its website on www.acus.org.
--
Glen de Saint Géry
GNSO Secretariat - ICANN
gnso.secretariat[at]gnso.icann.org
http://gnso.icann.org
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