Risk reporting: Tips for more effective board communication
In today's digital era, effective board communication on risk is essential. As cyber threats grow with digital transformation, IT and security leaders must clearly convey organizational risks to the board.
However, things like credibility through transparency, focus on key issues, a data-driven approach, and feedback are essential for robust risk reporting. To achieve this, many have started to centralize risk data on an integrated platform to enhance visibility into vulnerabilities and performance indicators, aiding in addressing privacy and risk communication.