You will improve your ability to ward off threats by combining analytics from pooled data, strengthening your risk-management environment, and implementing controls more effectively.
Find the regulatory balance in the guidance
Focus first on building a robust, risk-based cybersecurity programme. This can help you achieve your broad strategic objectives while also complying with regulatory requirements.
Establish an independent second line of defence
Keep your security governance and oversight capabilities separate from cybersecurity design, implementation and operations. Additionally, the most mature institutions should implement a "line 1.5" into their operations.
Anticipate risks from third parties
Recognise the potential for increased risks when outsourcing. Collaborate with third-party vendors to make sure they take the right measures to protect your data.
Speed up innovation by focusing on cybersecurity up front
When designing and developing new digital products and services, you should integrate cybersecurity and privacy in the early stages.
Invest in people
Your people are the first line of defence and will make a huge difference in all situations, both preventing and detecting cyber-risks.