The New Tool for CISOs To Quantify IT Risks And Solutions Into Actual Figures For The Board
There is currently an operational disconnect between CISOs/CTOs or CIOs and the board or decision-makers. This is primarily caused by speaking different languages; that is, cyber professionals expressing themselves in technological terms, and the board understanding concepts from a purely financial or business perspective. Although each party works towards the same aim – protecting the company from risk – they approach it with a unique parlance that can hinder company responsiveness and leave it open to threats.
Gartner recognises risk management as a key trend of 2019 but translating cyber threats into financial risk can be resource-intensive. It’s the responsibility of the IT side to identify these risks, find solutions, and create budget requests in a format and language that the board immediately recognises.
This helps them to understand the risk, know what they’re being asked to approve, and give the green light without any unnecessary clarifications or delays. Cyber threats constantly evolve and must be addressed quickly; prolonged budget applications only serve to increase the risk.
Recognising and understanding this landscape led to the creation of Boardish. An innovative and revolutionary new tool that changes the way IT professionals, CISOs, CTOs, and CIOs communicate with their board of directors or business decision-makers. It helps to fill the soft skills gap, allowing cyber professionals to quantify IT risks and solutions in terms of their financial impact. Boardish provides clarity by showing the risk mitigation of your solutions, as well as remaining exposure, transforming this data into a proposal with actual figures. Achieving this allusive clarity and bridging the communication gap between IT and the board.
Boardish is the brainchild of Eli Migdal and Hadar Kantor. Eli is an IT and cyber expert who has helped countless clients and businesses to find and implement the right cyber solutions. Hadar has over 19 years’ experience in management and board communication, with an emphasis on management psychology and corporate organisation. Both Eli and Hadar understand the challenges faced by IT managers/CISOs and CTOs and the most effective ways to gain important budget approvals from the board.
Boardish was created as a tool to help improve client understanding, but it became so much greater – evolving into the smart, indispensable tool that helps IT and the board understand each other.
Boardish is currently in beta. It’s desktop-optimised and can be used for free, although this may change as features continue to develop. It doesn’t need to be integrated into any existing systems, and is intuitively designed, making it easy for anyone to get started.
Internal communications and IT budget approvals can be difficult, but Boardish is helping to spark conversations within the companies it serves, allowing IT departments to be better integrated into fundamental decision-making.