Cyber Risk Director Network

Navigating the cyber landscape.

Cyber risk presents unique challenges to the world’s largest enterprises. They are often the targets of state-sponsored cyber threats. The economic and political impact of a successful attack on a giant company is disproportionately significant, not only on its direct stakeholders but also on national well-being. The scale and scope of the risk is heightened by legacy environments and complex supply chains. Effective response will likely require greater engagement outside of the enterprise, with other companies and with the public sector.

In the largest enterprises, board oversight of cyber risk and cybersecurity demands distinctive approaches, which must evolve quickly. Directors serving on the boards of large enterprises are keen to learn from their peers about enhancing and improving governance.

Through CRDN, Tapestry Networks is creating a program of ongoing learning, problem-solving, communication, and policy development aimed at enhancing national cybersecurity. In addition to holding regular meetings, the network recently collaborated on a new approach for building board capabilities in overseeing cybersecurity risk: Cyber Oversight Effectiveness Development (COED).

COED seeks to help boards develop oversight that is proportional to their exposure to cybersecurity risk, and to compare their cyber oversight capabilities with other firms. It is predicated on the belief that cyber risk often requires fundamentally different treatment than other risks.

CRDN was shaped by a 2019 grant from the Hewlett Foundation and is currently sponsored by King & Spalding.