Cybersecurity is a complicated and dynamic field that requires effective communication between all stakeholders across the entire organization. Security executives must be able provide clear information about their progress, without getting bogged-down in technical details. Many cybersecurity reports are too complex complicated, detailed, and unintelligible for the average person, preventing security teams from engaging in the clear communication about risk and security plans that are crucial to avoid incidents and keeping the organization secure.
While creating a cyber security report, it’s important to remember that the primary audience isn’t the IT team and the board of directors. In order to make the report more appealing to the board, it should focus on business risks rather than technology.
If, for instance, the report indicates that outdated software is the main cause of the attacks that occur within the company, it should be clear about the effects on the bottom line. It’s also important to ensure that information on security threats is easily understood by non-technical users particularly as regulatory compliance and framework alignment are becoming a significant concern for many boards.
UpGuard offers a variety of templates that are optimized for the primary reporting requirements of the board and senior managers. These templates combine security performance information that is frequently requested by the board, such as vendor summary reports that highlight key metrics like vulnerability management performance, third-party attack susceptibility, and critical risk distribution all of which are essential to establishing an effective risk assessment and mitigation plan. These data room for investment banking reports can be immediately generated and exported as slide presentations which eases the burden of the preparation of board meetings and making it easier to distribute the reports to the entire board.
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