Questions And Concerns Board Members Should Consider In The Current Environment – Cybersecurity

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ORBA is a full-service accounting, tax and business consulting firm in downtown Chicago serving the needs of privately-held companies, individuals and not-for-profit organizations. ORBA’s Certified Public Accountants have experience with accounting and assurance, business advisory services, financial and estate planning, fraud investigation, tax, litigation, and mergers and acquisitions.
In my recent Not-For-Profit newsletter, Questions and Concerns Board Members Should Consider in the Current Environment...
United States Technology
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In my recent Not-For-Profit newsletter, Questions and Concerns Board Members Should Consider in the Current Environment, I shared some items and questions that not-for-profit organizations should consider in 2021.

This blog focuses on one area that has, and continues to be, a prime area of concern for all organizations — cybersecurity. Mishaal Khan, Cybersecurity Practice Leader and Solution Architect at Mindsight, provides his thoughts on the items organizations should consider regarding cybersecurity:

1.Privacy

  • New laws and regulations;
  • Limiting collection and sharing of information to minimize the impact of a breach; and
  • Safeguarding personal privacy to minimize social engineering scams.

2. Security Controls

  • Continuing a layered approach in security;
  • Proactive monitoring; and
  • Planning and creating a cybersecurity budget based on risk.

3. Financial Risk Analysis

  • Prioritizing security spend based on high risk and high impact for the business — consider non-technical and soft dollar costs.

4. Education

  • Video-on-demand-style educational videos may not be creating a significant impact on employee security awareness — consider other means of education and awareness.

5. Embracing and Securing the Cloud and Remote Workers

  • Weigh the pros and cons.

Originally Published by Ostrow, February 2021

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Questions And Concerns Board Members Should Consider In The Current Environment – Cybersecurity

United States Technology
Contributor
ORBA logo
ORBA is a full-service accounting, tax and business consulting firm in downtown Chicago serving the needs of privately-held companies, individuals and not-for-profit organizations. ORBA’s Certified Public Accountants have experience with accounting and assurance, business advisory services, financial and estate planning, fraud investigation, tax, litigation, and mergers and acquisitions.
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