A few weeks ago, the World Economic Forum (WEF) met in Davos, Switzerland where an expert working group issued a report “Advancing Cyber Resilience: Principles and Tools for Boards.” It is touted as a first-of-its-kind resource to support board of directors and CEOs on cyber security and cyber resilience strategy.

The WEF’s principles and tools are designed to help corporate boards and senior management strengthen their organizations’ cyber hygiene and posture. The principles are a response to the increasing threat cyber risks pose to the world economy. Their aim is to provide guidance for managing cyber risks much in the same way that organizations manage enterprise risk.