CFO’s Guide to Just Enough Cyber Security

Executive Summary

In the rapidly evolving digital landscape, the “CFOs Guide to Just Enough Cyber Security” stands as a critical tool for Chief Financial Officers (CFOs), especially those grappling with the latest 2023 SEC Cybersecurity Regulations. This guide is not just a collection of best practices; it’s a lifeline for CFOs who find themselves at the crossroads of financial leadership and cybersecurity responsibility, often without the support of a dedicated cybersecurity staff.

Navigating the 2023 SEC Cybersecurity Regulations

Regulatory Compliance: The SEC’s 2023 guidelines have set new standards for cybersecurity in publicly traded firms. We discuss clear, actionable roadmap for CFOs to achieve compliance, demystifying complex regulations.

Strategic Response to SEC Requirements: Understand the specific requirements of the SEC and how they impact your firm. We breaks down these requirements into manageable actions, aligning them with your firm’s operational goals.

Filling the Cybersecurity Leadership Gap

For CFOs Without a CISO: Many firms operate without a dedicated CISO. This guide empowers CFOs to effectively take on this role, providing the knowledge and tools needed to oversee cybersecurity efforts.

Practical, Actionable Guidance: Step-by-step instructions and practical advice help CFOs implement a cybersecurity strategy that aligns with their firm’s financial and operational objectives.

Building a Cyber Secure Future

Risk Management and Financial Decision-Making: Learn to integrate cybersecurity risks into financial decision-making processes, ensuring that investments in cybersecurity are both effective and financially sound.

Incident Response and Data Security: Develop comprehensive incident response plans and data security protocols to protect sensitive information and maintain investor trust.

Empowering Your Team with Cybersecurity Knowledge

Cultural Shift Towards Cybersecurity: This guide emphasizes the importance of fostering a security-conscious culture within your organization, crucial for mitigating human-factor vulnerabilities.

Comprehensive Understanding for Non-Technical Leaders: Tailored for CFOs, the guide translates technical cybersecurity concepts into the language of business and finance, making it accessible and actionable.

Why This Guide is a Must-Have for Your Firm

Immediate Relevance and Application: With the SEC’s 2023 cybersecurity regulations in effect, the guide’s relevance and practical application are immediate and vital for compliance.

Expertise at Your Fingertips: As a fractional CISO, the author brings expertise directly to CFOs, offering guidance that is both strategic and grounded in real-world cybersecurity challenges.

On July 26, 2023, the Securities and Exchange Commission (the “Commission”) adopted new rules to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incidents by public companies that are subject to the reporting requirements of the Securities Exchange Act of 1934 (the “Exchange Act”). The new rules have two main components:

Disclosure of material cybersecurity incidents. For domestic registrants, this disclosure must be filed on Form 8-K within four business days of determining that a cybersecurity incident is material. For foreign private issuers (“FPIs”),this disclosure must be furnished on Form 6-K promptly after the incident is disclosed or otherwise publicized (or is required to be disclosed or publicized) in a foreign jurisdiction, to any stock exchange, or to security holders.

Annual disclosure of cybersecurity risk management, strategy, and governance. For domestic registrants, this disclosure is made on Form 10-K. For FPIs, this disclosure is made on Form 20-F.
Source: Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure – A Small Entity Compliance Guide

Let’s Do This

If you find our guide helpful, we encourage you to continue the conversation. Our team of experts is here to offer further guidance and support tailored to your organization’s specific needs. Feel free to contact us to discuss your options or delve deeper into the intricacies of cybersecurity.

We offer both one on one consulting and a Risk Management Workshop designed specifically to help you develop your own program.

Remember, cybersecurity is not a one-time endeavor; it requires continuous vigilance and adaptability. The threat landscape is ever-evolving, and staying proactive is the key to safeguarding your organization’s sensitive data and maintaining the trust of your stakeholders.

We understand that Cybersecurity may seem daunting, especially if it is a new area for your organization. However, with the right knowledge and guidance, you can confidently navigate this complex landscape and build a strong defense against potential threats. Our guide is here to provide you with the tools and insights you need to embark on this crucial journey towards cybersecurity excellence.

Get our free guide today and take the first step in strengthening your organization’s cyber defenses.