- Organizations must understand their exposure to cyber threats in order to define processes for the acceptance and/or transfer of risk and then leverage a systematic, objective framework to define, evaluate and determine the disposition of any credible threats to data and information.
- The best-prepared organizations are shifting their cybersecurity strategies from focusing on outright prevention to implementing an effective breach response plan – one that quickly detects breaches and limits the damage once confirmed.
- A critical requirement for any cybersecurity management program is verifying the effectiveness of established controls. Organizations should evaluate their security controls to determine whether the cybersecurity controls are operating as intended.
- Bylaws should govern how a cooperative operates. However, too often business evolves faster than bylaws.
- New revenue recognition standards will have specific considerations for software and technology companies.
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