As more boards come to understand cybersecurity as a critical issue that cannot be ignored, briefings on the topic have become more common. Those with the responsibility for presenting such briefings must understand what information is essential for the board to know and how to communicate it effectively. Dr. Chris Pierson, EVP, chief security officer and general counsel for Viewpost, a FinTech payments company, and the former CPO, SVP for the Royal Bank of Scotland’s U.S. banking operations, spoke to the Cybersecurity Law Report about his experiences briefing the board on cybersecurity and shared his insights on the most effective reporting structure, how to obtain buy-in and budget and the importance of communicating business advantage. See also “How In-House Counsel, Management and the Board Can Collaborate to Manage Cyber Risks and Liability (Part One of Two)
” (Jan. 20, 2016); Part Two
(Feb. 3, 2016).