Overview

Class Central Tips

This course focuses on the critical aspects of communicating cyber risk to stakeholders and establishing effective governance structures. Executives will learn to translate technical cyber risk concepts into business language, report to the board, and build a cyber risk-aware culture. The course also covers regulatory compliance, the role of cyber insurance, and techniques for resolving disputes and building consensus within the organization. This course is tailored for senior executives and decision-makers overseeing or guiding cyber risk management within their organizations. Ideal participants will have: Leadership and Strategic Oversight: Participants should hold or aspire to hold leadership roles such as Chief Executive Officer (CEO), Chief Information Security Officer (CISO), Chief Risk Officer (CRO), or senior management positions where they are responsible for setting and implementing risk management strategies. Experience with Financial or Business Risk: Executives with experience managing financial risk or business continuity planning will find the course particularly valuable, as it covers the intersection of cyber risk and financial decision-making. Commitment to Continuous Improvement: A mindset geared toward continuous improvement in risk management practices, with a willingness to explore and adopt new methodologies, such as the FAIR model, to enhance their organization's cyber resilience. This course is designed to equip senior leaders with the practical skills and insights necessary to integrate the FAIR model into their organization’s broader risk management strategy, ensuring a more quantitative and business-aligned approach to managing cyber risks.

Syllabus

Cyber Risk Communication

This module is designed to equip participants with the skills to understand and communicate cyber risk in business terms using the FAIR (Factor Analysis of Information Risk) framework. It highlights the importance of presenting cyber risks in ways that resonate with business executives and stakeholders. Participants will explore how to translate technical risks into actionable business insights, prioritize security measures, and foster effective communication across the organization to support informed decision-making and risk management.

Executive Communication

This module focuses on the significance of effective communication in cyber risk management, particularly through the FAIR (Factor Analysis of Information Risk) framework. Participants will learn to communicate cyber risks to executives and board members effectively, align risk management efforts with business goals, and break down silos between security and business teams. The module covers the importance of framing cyber risk in business terms, best practices for board reporting, and strategies for achieving executive alignment in risk management.

Establishing Cyber Risk Governance with FAIR

This module focuses on the governance of cyber risk at the executive level and the role of the FAIR (Factor Analysis of Information Risk) framework in setting global benchmarks for regulatory compliance. Participants will explore the gaps in cyber risk posture among C-suite executives, understand the principles of board governance, and examine the influence of new regulations on cybersecurity risk management. The module emphasizes the importance of standardizing cyber risk reporting and how the FAIR framework informs regulatory readiness and compliance.