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3 Cybersecurity Metrics You Must Report to the Board

When you protect confidential information, detect cyberattacks, and prevent data breaches, you must track whether you are meeting your goals. The Key Performance Indicators (KPIs) you set are an effective way to measure your cybersecurity program’s success and further helps you make informed decisions. In this article at TechTarget, Andrew Froehlich explains some of the key cybersecurity metrics that boards must consider to keep their organizations safe.

Cybersecurity Metrics for the Board

How Quickly You Identify and Respond to Risks?

Once you identify something as a threat, responding appropriately and promptly must be your priority. The cybersecurity programs are measured by how quickly the organization can measure and respond to incidents. The quicker the programs can eliminate the malware, the less damage is likely to be done. Here are some of the ways to measure incident response rates.

  • Use a security rating provider to get actionable data about the incident immediately.
  • Identify a security incident on your system and record your response time manually.

Many companies use a combination of their internal processes and external resources for quantitative measurement. Once you have monitored the cyber risk and response time, benchmark your remediation time, and historically compare it within your organization.

Identify Outstanding High-Risk Findings

Identifying if there are any outstanding high-risk findings open from your last assessment or audit is another commonly used metric in the area of security. Your previous audits will typically include recommendations in regards to enhancing your enterprise’s cybersecurity posture. If any of these high-risks audit findings remain incomplete in the recommended time frame, your board members must be aware of them.

Company and Peer Pressure

“One of the best ways to showcase your cybersecurity efforts is to demonstrate how you stack up against your peers in the industry,” explains Andrew. Often, board members focus on competition. Therefore, see how they compare against others within the same vertical market. The board’s natural competitiveness will generate interest in how IT is performing from a cybersecurity perspective.

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