Principles for Board Governance of Cyber Risk

Insight Report March 2021

World Economic Forum, NACD, Internet Security Alliance
In Collaboration with PwC

Preface

Digital risk, including cyber risk, is a pervasive and potentially existential concern. Leaders need to understand and take account of cyber risk in their strategic decisions.

Accelerating digitalization puts new pressures on companies to overhaul their business models and, indeed, undamentally reimagine how they conduct business. Given that companies are increasingly judged on how well hey protect their own information as well as the data entrusted to them by customers and partners, cybersecurity and cyber resilience have become vital concerns for any trustworthy organization.