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The Cyber Risk Handbook: Creating and Measuring Effective Cybersecurity Capabilities

The Cyber Risk Handbook: Creating and Measuring Effective Cybersecurity Capabilities

Domenic Antonucci

ISBN: 978-1-119-30880-5

May 2017

448 pages

In Stock



Actionable guidance and expert perspective for real-world cybersecurity

The Cyber Risk Handbook is the practitioner's guide to implementing, measuring and improving the counter-cyber capabilities of the modern enterprise. The first resource of its kind, this book provides authoritative guidance for real-world situations, and cross-functional solutions for enterprise-wide improvement. Beginning with an overview of counter-cyber evolution, the discussion quickly turns practical with design and implementation guidance for the range of capabilities expected of a robust cyber risk management system that is integrated with the enterprise risk management (ERM) system. Expert contributors from around the globe weigh in on specialized topics with tools and techniques to help any type or size of organization create a robust system tailored to its needs. Chapter summaries of required capabilities are aggregated to provide a new cyber risk maturity model used to benchmark capabilities and to road-map gap-improvement.

Cyber risk is a fast-growing enterprise risk, not just an IT risk. Yet seldom is guidance provided as to what this means. This book is the first to tackle in detail those enterprise-wide capabilities expected by Board, CEO and Internal Audit, of the diverse executive management functions that need to team up with the Information Security function in order to provide integrated solutions.

  • Learn how cyber risk management can be integrated to better protect your enterprise
  • Design and benchmark new and improved practical counter-cyber capabilities
  • Examine planning and implementation approaches, models, methods, and more
  • Adopt a new cyber risk maturity model tailored to your enterprise needs

The need to manage cyber risk across the enterprise—inclusive of the IT operations—is a growing concern as massive data breaches make the news on an alarmingly frequent basis. With a cyber risk management system now a business-necessary requirement, practitioners need to assess the effectiveness of their current system, and measure its gap-improvement over time in response to a dynamic and fast-moving threat landscape. The Cyber Risk Handbook brings the world's best thinking to bear on aligning that system to the enterprise and vice-a-versa. Every functional head of any organization must have a copy at-hand to understand their role in achieving that alignment.

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Foreword by Ron Hale xxiii

About the Editor xxxi

List of Contributors xxxiii

Acknowledgments xxxv

CHAPTER 1 Introduction 1
Domenic Antonucci, Editor and Chief Risk Officer, Australia

CHAPTER 2 Board Cyber Risk Oversight 11
Tim J. Leech, Risk Oversight Solutions Inc., Canada Lauren C. Hanlon, Risk Oversight Solutions Inc., Canada

CHAPTER 3 Principles Behind Cyber Risk Management 23
RIMS, the risk management society™ Carol Fox, Vice President, Strategic Initiatives at RIMS, USA

CHAPTER 4 Cybersecurity Policies and Procedures 35
The Institute for Risk Management (IRM) Elliot Bryan, IRM and Willis Towers Watson, UK Alexander Larsen, IRM, and President of Baldwin Global Risk Services Ltd., UK

CHAPTER 5 Cyber Strategic Performance Management 67
McKinsey & Company James M. Kaplan, Partner, McKinsey & Company, New York, USA Jim Boehm, Consultant, McKinsey & Company, Washington, USA

CHAPTER 6 Standards and Frameworks for Cybersecurity 81
Stefan A. Deutscher, Principal, Boston Consulting Group (BCG), Berlin Germany William Yin, Senior Partner and Managing Director, Boston Consulting Group (BCG), Hong Kong

CHAPTER 7 Identifying, Analyzing, and Evaluating Cyber Risks 97
Information Security Forum (ISF) Steve Durbin, Managing Director, Information Security Forum Ltd.

CHAPTER 8 Treating Cyber Risks 109
John Hermans, Cyber Lead Partner Europe, Middle East, and Africa at KPMG, The Netherlands Ton Diemont, Senior Manager at KPMG, The Netherlands

CHAPTER 9 Treating Cyber Risks Using Process Capabilities 123
ISACA Todd Fitzgerald, CISO and ISACA, USA

CHAPTER 10 Treating Cyber Risks—Using Insurance and Finance 143
Aon Global Cyber Solutions Kevin Kalinich, Esq., Aon Risk Solutions Global Cyber Insurance Practice Leader, USA

CHAPTER 11 Monitoring and Review Using Key Risk Indicators (KRIs) 159
Ann Rodriguez, Managing Partner, Wability, Inc., USA

CHAPTER 12 Cybersecurity Incident and Crisis Management 171
CLUSIF Club de la Sécurité de l’Information Français Gérôme Billois, CLUSIF Administrator and Board Member Cybersecurity at Wavestone Consultancy, France

CHAPTER 13 Business Continuity Management and Cybersecurity 185
Marsh Sek Seong Lim, Marsh Risk Consulting Business Continuity Leader for Asia, Singapore

CHAPTER 14 External Context and Supply Chain 193
Supply Chain Risk Leadership Council (SCRLC) Nick Wildgoose, Board Member and ex-Chairperson of SCRLC, and Zurich Insurance Group, UK

CHAPTER 15 Internal Organization Context 207
Domenic Antonucci, Editor and Chief Risk Officer, Australia Bassam Alwarith, Head of the National Digitization Program, Ministry of Economy and Planning, Saudi Arabia

CHAPTER 16 Culture and Human Factors 243
Avinash Totade, ISACA Past President UAE Chapter and Management Consultant, UAE Sandeep Godbole, ISACA Past President Pune Chapter, India

CHAPTER 17 Legal and Compliance 255
American Bar Association Cybersecurity Legal Task Force Harvey Rishikof, Chair, Advisory Committee to the Standing Committee on Law and National Security, USA Conor Sullivan, Law Clerk for the Standing Committee on National Security, USA

CHAPTER 18 Assurance and Cyber Risk Management 271
Stig J. Sunde, Senior Internal Auditor (ICT), Emirates Nuclear Energy Corporation (ENEC), UAE

CHAPTER 19 Information Asset Management for Cyber 281
Booz Allen Hamilton Christopher Ling, Executive Vice President, Booz Allen Hamilton, USA

CHAPTER 20 Physical Security 289
Radar Risk Group Inge Vandijck, CEO, Radar Risk Group, Belgium Paul Van Lerberghe, CTO, Radar Risk Group, Belgium

CHAPTER 21 Cybersecurity for Operations and Communications 309
EY Chad Holmes, Principal, Cybersecurity, Ernst & Young LLP (EY US) James Phillippe, Principal, Cybersecurity, Ernst & Young LLP (EY US)

CHAPTER 22 Access Control 321
PwC Sidriaan de Villiers, Partner—Africa Cybersecurity Practice, PwC South Africa

CHAPTER 23 Cybersecurity Systems: Acquisition, Development, and Maintenance 335
Deloitte Michael Wyatt, Managing Director, Cyber Risk Services, Deloitte Advisory, USA

CHAPTER 24 People Risk Management in the Digital Age 347
Airmic Julia Graham, Deputy CEO and Technical Director at Airmic, UK

CHAPTER 25 Cyber Competencies and the Cybersecurity Offi cer 359

CHAPTER 26 Human Resources Security 369
Domenic Antonucci, Editor and Chief Risk Offi cer, Australia

Epilogue 375

Becoming CyberSmart TM: a Risk Maturity Road Map for Measuring Capability Gap-Improvement
Domenic Antonucci, Editor and Chief Risk Officer (CRO), Australia Didier Verstichel, Chief Information Security Offi cer (CISO) and Chief Risk Officer (CRO), Belgium

Background 375

Becoming CyberSmartTM 376

About Domenic Antonucci 392

About Didier Verstichel 392

Glossary 393

Index 399