Susan Mac Cormac, Stacey Sprenkel, and Miriam Wugmeister participated in an expert Q&A with Thomson Reuters Practical Law about how organizations can benefit from viewing cybersecurity through an ESG lens and integrating their enterprise risk management, compliance, governance, and reporting activities across these high-profile areas.
The team emphasized the importance of a holistic approach to risk, noting that cybersecurity exposures aren’t merely an IT issue require swift, integrated responses. They stated, “A holistic approach to ERM involves taking an integrated, top-down and bottom-up posture to risk assessment efforts across all functions and personnel within the organization.”
The partners also discussed governance and reporting, stating, “As companies develop processes and strategies to preempt, prevent, and mitigate cyber risks, heightened focus should be on transparency, accuracy, and consistency in cyber-related processes, ownership, and disclosures.
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