March 2021 Highlights

April 22, 2021

  • ISA World Economic Forum (Forum) and National Association of Corporate Directors (NACD) jointly publish Global Principles for Board Governance of Cyber Risk. The publication completes the first phase of the of the collaboration agreement the three organizations signed in June of 2020.  It identifies consensus principles the three organizations have agreed to jointly promote on a global basis for boards of directors can most effectively execute their cyber risk oversight. The three entities have also agreed that the more detailed ISA-NACD Cyber-Risk Oversight 2020, published in December 2020 and has been endorsed by DHS and DOJ will remain the US standard for board oversight until ISA and NACD update that document in 2023.
  • ISA and the Office of Information Security for the Federal Republic of Germany (BSI) agree to create an update to the ISA-BSI best practices for cyber risk oversight adapted specifically for Germany originally published in 2018.  The ISA-BSI program will be co-chaired by BSI Director Arne Schonbohm and ISA Board member Tim McKnight of SAP.  This will be the first adapted version of the new global principles produced by ISA with NACD and the Forum.  The first meeting of this international effort will be Friday April 16.ISA’s “Rethink-Cybersecurity” campaign continues to gain traction. In prepared remarks at the House Homeland Security Committee, Cybersecurity Subcommittee Chair, Congresswoman Yvette Clark calls for “re-thinking” cybersecurity.  In testimony before the Homeland Security Subcommittee of the House Appropriations Committee the Cybersecurity and Infrastructure Security Acting Director calls for “re-thinking” cybersecurity. Over 20,000 cybersecurity thought leaders, practitioners, media, and academics have now visited the ISA website to participate in ISA’s campaign with nearly 4,500 signing up to participate in the campaign.
  • ISA board holds annual winter conference call. JR Williamson of Leidos, takes over as new Board Chair for retiring Gary McAlum of USAA.  Traci Grella of AIG takes over as first vice-chair and Lisa Humbert of Union Bank becomes second vice-chair. Tim McKnight, of SAP fills executive committee post for retiring Jeff Brown of Raytheon. Annual ISA board satisfaction survey yields positive results. Board members gave ISA sores of 4.8 (out of 5) on promoting thought leadership, 4.9 on policy advocacy, 4.9 on promoting effective best practices and 4.7 on keeping ISA strong. Chairman Williamson noted that the board had determined several years ago to keep ISA sponsorship capped at 25 companies and with 3 open seats he suggested the board members nominate people to fill the spots stressing that we are looking for active participants looking to promote the ISA’s mission and goals.