ECRMVC - Bob Chaput

Enterprise Cyber Risk Management as a Value Creator

Leverage Cybersecurity for Competitive Advantage

– Foreword by Phil Gardner, CEO, IANS Research

This book will help you learn the importance of organizations treating enterprise cyber risk management (ECRM) as a value creator, a business enabler, and a mechanism to create a competitive advantage. Organizations began to see the real value of information and information technology in the mid-1980s. Forty years later, it’s time to leverage your ECRM program and cybersecurity strategy in the same way.

The main topics covered include the case for action with specific coverage on the topic of cybersecurity as a value creator, including how the courts, legislators, and regulators are raising the bar for C-suite executives and board members. The book covers how the board’s three primary responsibilities (talent management, strategy, and risk management) intersect with their ECRM responsibilities.

ECRM was once solely focused on managing the downside of risk by defending the organization from adversarial, accidental, structural, and environmental threat sources. Author BobChaput presents the view that we must focus equally on managing the upside of cyber strengths to increase customer trust and brand loyalty, improving social responsibility, driving revenue growth, lowering the cost of capital, attracting higher quality investments, creating competitive advantage, attracting and retaining talent, and facilitating M&A work. He focuses on the C-suite and board role in the first part and provides guidance on their roles and responsibilities, the most important decision about ECRM they must facilitate, and how to think differently about ECRM funding. You will learn how to the pivot from cost-center thinking to value-center thinking.

Having built the case for action, in the second part, the book details the steps that organizations must take to develop and document their ECRM program and cybersecurity strategy. The book first covers how ECRM must be integrated into business strategy. The remainder of that part presents a sample table of contents for an ECRM Program and Cybersecurity Strategy document and works through each section to facilitate development of your own program and strategy. With all the content and ideas presented, you will be able to establish, implement, and mature your program and strategy.

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“This book should be mandatory reading for C-suite executives and board members. It shows you how to move from viewing cybersecurity as a risk to avoid, and a cost center that does not add value and is overhead, to seeing cybersecurity as an enabler and part of your core strategy to transform your business and earn customer and stakeholder trust.”

– Paul Connelly, First CISO at the White House and HCA Healthcare

"Bob Chaput picks up where most books leave off by providing powerful insight into ECRM engagement by providing a factual background coupled with strategic examples that can and will have positive impacts on any company’s cyber risk strategy and approach. This resource should become the standard guidebook for every risk manager, general counsel, CISO, CTO, C-suite, and board member who has an interest in or a concern around cyber and privacy liability and entire ECRM protocols."

—Kevin Hewgley, Senior Vice President, Financial Services at Lockton Companies

"Bob Chaput’s latest book is a powerful read that explains cybersecurity in a new context, one that will be helping business leaders, including corporate directors, reframe cybersecurity as a critical part of the need for every organization to drive and create value. With so much economic growth and output already dependent upon complex digital systems, this mindset will help leaders understand the importance of cybersecurity to the organization’s future."

—Bob Zukis, CEO, Digital Directors Network

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