Prolifics BoardIQ:
Board-Level Cyber Enablement
Strategic Security Starts at the Top
Can your business withstand the devastating impact of a cyber attack? From operational disruption and reputational damage to regulatory fines of up to €20M, the costs can be catastrophic - forcing 60% of SMEs to close within 6 months.
Turn Security Questions into Confident Answers with BoardIQ
Market Statistics
£4m+ in regulatory fines for SME data breaches
50% of SMEs experienced cyber breaches in 2024
60% of SMEs close within 6 months of a cyber attack
AI-powered threat sincreasing attack sophistication
92% of customers would stop doing business after a breach
GDPR fines up to €20M or 4% of annual turnover
Board Accountability
In an era of unprecedented cyber threats, boards face intense scrutiny over their cyber governance. With personal liability and regulatory fines at an all-time high, the stakes have never been higher for directors.
Recent high-profile breaches have led to board dismissals and legal action.
Can your board demonstrate effective cyber oversight?
Essential Legal Requirements
Core legal obligations that directors must fulfill to protect the organization and maintain proper cyber risk oversight:
- Companies Act 2006: Directors' duties for risk management
- Senior Managers Regime (SMR): Personal accountability
- Corporate governance codes: Cyber risk oversight
- Fiduciary responsibility to protect company assets
Regulatory Frameworks
Specific regulatory requirements boards must address to ensure compliance and demonstrate due diligence:
- GDPR Article 32: Security of processing
- NIS Regulations: Critical infrastructure protection
- FCA Handbook: Systems and controls
- PRA requirements for operational resilience
Governance Standards
Best practice frameworks and standards that guide effective cyber security governance and oversight:
- UK Corporate Governance Code Requirements
- NCSC Board Toolkit implementation
- ISO 27001 Governance Controls
- Industry-specific Frameworks Compliance
Personal
Liability
Individual consequences board members may face for failing to meet their cyber oversight duties:
- Director disqualification for governance failures
- Personal fines under regulatory regimes
- Shareholder litigation risks
- Reputational damage impact
The Prolifics BoardIQ Governance Solution
Assessment
Baseline evaluation
Gap analysis
Maturity scoring
Customization
Industry alignment
Risk profiling
Goal setting
Implementation
Structured delivery
Progress tracking
Milestone achievement
Continuous Growth
Regular assessment
Framework updates
Capability building
Proven Results
Target Audience
Industries
Financial Services
Healthcare
Critical Infrastructure
Logistics
Manufacturing
Retail
Technology
Decision Makers
Board Chairs
Board Members
Corporate Secretaries
Chief Risk Officers
General Counsel
Chief Information Officers
Chief Data Officers
Value Packages
Implementation Approach
1. Initial Assessment
2. Program Customization
3. Session Scheduling
4. Delivery and Facilitation
5. Follow-Up Support
Frequently Asked Questions
Our board already get cyber updates from IT. What's different about BoardIQ?
- BoardIQ focuses on governance and oversight, not technical details.- Ensures comprehensive risk oversight beyond technical updates.
- Addresses directors' personal liability and regulatory obligations.
- Equips directors with frameworks for evaluating cyber investment decisions.
- Builds confidence in addressing regulators' and investors' security questions.
- Includes crisis simulation exercises specifically designed for board-level response.
- Provides strategic updates and industry alignment.
- Helps boards ask better questions and evaluate the information they receive.
How can a time-constrained board fit this training into their schedule?
- Sessions are efficiently designed for busy board members.- Focus on practical, immediately applicable knowledge.
- Modules can be split across board sessions.
- Pre-reading materials for self-paced preparation.
- Flexible delivery options to fit board schedules.
- Online options available for remote participation.
How do we justify the investment in board-level cyber training?
- Compare to potential costs of cyber incidents:- Average cost of a data breach exceeds £200,000.
- Directors face personal liability for cyber governance failures.
- 60% of affected businesses close within 6 months of a major incident.
- Regulatory fines can reach up to £17.5 million or 4% of global turnover.
- Reputational damage can far exceed direct financial losses.
- Consider regulatory requirements and potential liabilities, including personal liabilities.
- Enables improved cyber investment decisions
- Equips leadership to handle a crisis.
- Investment in better risk oversight and decision-making.
- Enhances stakeholder trust.