Even though boards are painfully aware of the potential corporate exposure to a broad range of cyber-threats, value destroying breaches at major multinational corporations continue to be headline news almost every week. Fashioning a rational response to this highly complex issue remains a challenging matter for boards and management.
This session was designed for Board Directors who want to better understand the technical and risk management aspects of cybersecurity. Facilitated by Dan Siciliano and based on two decades of his academic research and practical experiences as a senior executive in Silicon Valley, the session reviewed critical concepts and provided an opportunity for Board Directors to experience hands-on engagement using simulations. The following topics were addressed in the session:
- The attack: types of hacks and the damage that follows
- The defence: methods to prevent and respond to attacks
- The cyber insurance market
- A table-top crisis-response exercise
- Best practices for incident response plans and internal organisational structures
Dan Siciliano is the faculty director of the Rock Center for Corporate Governance at Stanford University and Professor and Associate Dean at Stanford Law School. He was co-founder, CEO and Executive Chairman of LawLogix Group, Inc. – ranked several times as one of the Top 100 fastest growing private companies in the United States. Prior to this, he was included in the "Directorship 100" – a list of the most influential people in corporate governance. He is the co-director of Stanford's Directors' College and Board member of Silicon Valley Directors' Exchange. Furthermore, he has served as a governance consultant to the Boards of many Fortune 1000 companies including Google, Microsoft and Fedex, as well as an angel investor and consultant to companies in Silicon Valley, Hong Kong and Latin America.
- Board Chairs and Non-Executive Directors of publicly listed, private and non-profit corporations
- Government agency representatives
- Social enterprise representatives
"The session made me realise that a holistic approach is required to address the Cybersecurity threat. Social engineering plays an equally important role as IT solutions and technical preventive measures."
Tan Guong Ching, Chairman, STT Communications Ltd
"Within a short span of time, (the session gave) very good insights into the issues surrounding governance and cybersecurity. Certainly very relevant for all board directors to be acquainted with."
Tony Tan Tee Hieong, Chief Executive Officer, Capitaland Retail China Trust Management Limited
"Very topical and useful. Excellent presenter."
Kai S. Nargolwala, Chairman, Clifford Capital Pte Ltd