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MIT Research Documents Effectiveness of Consensus Cyber Risk Oversight Principles

Geneva, Switzerland/November 16/As the World Economic Forum’s annual Cybersecurity Summit concluded today research conducted by MIT Cybersecurity at MIT Sloan (MIT CAMS) found that the cyber risk oversight principles (consensus principles) developed by the Forum in conjunction with the Internet Security Alliance (ISA) and the National Association of Corporate Directors (NACD) “demonstrates that organizations that use the consensus principles can significantly improve their cyber resilience without raising costs.” The MIT research used a grounded control theory and system dynamics built on significant research in the field, including interviews with CISOs which has been validated over the years at a Fortune 500 company analyzing a wide range of cyber risk challenges. MIT CAMS used a

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Rethinking Cyber Regulation Part II: Creating A Risk-Based Regulatory System

In our previous post, we noted that the new National Cyber Director’s office, which is charged with coordinating federal cyber policy, ought to begin that effort by evaluating and coordinating current cyber regulation. We pointed to studies (including government studies) that showed from 40 to 70 percent of federal cyber regulation – including those imposed on states and localities – is redundant and/or conflicting, thus wasting scarce cyber resources.

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