Cybersecurity governance establishes the framework for managing and overseeing an organization’s information security efforts. This involves defining roles, responsibilities, policies, and processes to protect digital assets and systems from cyber threats. It ensures that security measures align with business objectives, regulatory requirements, and risk tolerance. Effective governance provides strategic direction and oversight for an organization’s cybersecurity posture, aiming for continuous improvement.
Context
In the digital asset space, robust cybersecurity governance is paramount due to the high value and immutability of blockchain transactions, alongside the prevalence of sophisticated attacks. Regulators are increasingly scrutinizing governance structures of crypto-asset service providers to ensure adequate protection against hacks and data breaches. Establishing clear accountability and comprehensive security protocols is a primary concern for market participants and supervisors alike.
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