Business-Driven Cyber Risk Governance Planning

Clear demonstrable ROI on cyber investments.

The SEC has published the Final Rule on Cybersecurity Risk Management Strategy, Governance, and Incident Disclosure in July 2023 . As part of this new rule, all public companies must abide by the following:

Cyber As A Business Enabler

Cyber programs should evolve into an enabler for businesses to grow securely. With cyber as a catalyst for sustainable growth, businesses are empowered to take calculated risks, expand to new marketings, and harness the full potential of the digital age while safeguarding their high-value assets and reputation.


Bridging Business Strategy with Cyber

In today’s dynamic business environment, cybersecurity leaders are not just gatekeepers but pivotal business enablers. Their role is rapidly evolving, bringing them to the strategy table alongside top executives. This shift prompts crucial questions:


  • How can security seamlessly integrate business & cyber strategies?
  • What’s the best way to showcase the ROI of cybersecurity investments?
  • Amidst an ever-expanding threat landscape, which controls should be prioritized for maturation?
  • How can we establish a scalable cyber governance framework that standardizes operations across the enterprise?
  • How to reduce friction between business, cyber, and IT teams?
  • Is it possible to meet compliance requirements without hindering business strategy?
  • How can management effectively communicate business cyber risk exposure to their boards?

These questions, among others, underscore the pressing need for a holistic business-driven cyber risk governance solution. Dive in to discover how we address these challenges. 

2. Risk Management Strategy Disclosure Requirements

  • Description of processes, if any, for the assessment, identification, and management of material risks from cybersecurity threats, including:
  • Whether and how processes have been integrated into the overall risk management system or processes


  • Engagements with assessors, consultants, auditors, or other third parties in connection with any such processes
  • Disclosure of whether any risks from cybersecurity threats have materially affected or are reasonably likely to materially affect their business strategy, results of operations, or financial condition.

3.Governance and Board Expertise Disclosure Requirements

  • Description of the board’s oversight of risks from cybersecurity threat and any devoted committees or subcommittees


  • Description of management’s role in assessing and managing the registrant’s material risks from cybersecurity threats which may include:
  • Management positions or committees are responsible for assessing and managing risks, and the relevant expertise of each person
  • Processes on how management is informed about and monitor the prevention, detection, mitigation, and remediation of cybersecurity incidents
  • How information about such risks to the board of directors or a committee or subcommittee of the board of directors.

Compliance-Driven Cyber Program

Cyber programs are measured against compliance control scores.

Threat Reactive Cyber Program

Cyber program is measured against threat preparedness.

Business-Driven Cyber Program

Cyber program is measured against the amount of risk reduction to the business.

BluOcean’s Business Driven Cyber Risk Governance Planning Solution Will Help

CTO, CIO, Product Heads, – technology leaders should utilize cyber as an enabler for fast-paced innovation and technology growth. Using BluOcean’s business-driven cyber risk governance solution, you will get visibility into the net impact of cyber on your critical architectures and plan cyber investments accordingly.

Tech startups thrive with investor support, and managing the company’s risk (intellectual property and resilience) is crucial in today’s landscape. BluOcean’s solution drives investor trust to protect what matters most to your business and report meaningful cyber risk metrics and ROI.

Become a pivotal part of business growth and collaborate with businesses to drive maximum value for the company. BluOcean’s business-driven cyber risk governance solution transforms cyber security from a cost center to a business enabler and shows the value of your cyber program to the business and board.

Unforeseen cyber risks can make it very difficult for CEOs, CFOs, and Legal heads to continue their primary responsibilities toward the firm. Using BluOcean’s cyber risk governance solution will help align cyber programs with their business objectives, help prevent major breaches, and ensure their continued focus on business growth.

Tangible Outcomes from Cyber Governance Planning

Business Partnership & Alignment

Business leaders and management are strong partners involved in cyber program strategy, planning, and governance. Cyber is included at the strategy table for new business discussions.

Business Justification & Investement Insights

Business stakeholders and the board understands the value of cyber initiatives are driving for them with quantifiable ROI. Cyber investements are prioritized to drive maximum risk reduction to the business, with least investment.

Reduced Friction & Scalable Governance

Reduced friction between Cyber, IT, Finance, and Business teams and a scalable governance framework that standardizes operations across the enterprise.

How BluOcean Addresses This Challenge

As a CISO, you understand the importance of building a robust cyber risk governance program that aligns with your organization’s risk posture and regulatory requirements. Our approach leverages NIST IR 8286 standards family (Integrating Cybersecurity and enterprise risk management)  and other industry-standard frameworks to help you develop a customized program that fosters collaboration with the business.


With our solution, you can partner with business leaders to achieve their objectives while effectively managing cyber risks and maintaining compliance with industry standards. This enables you to demonstrate the CISO’s strategic value as a business partner, working closely with the business to drive success while protecting against cyber threats.

Our Approach

  • Engage business leaders to identify the cyber risks they care about: Understand the risks surrounding high-value business processes and assets that are critical to business operations.


  • Businesses must decisively prioritize cyber risks, factoring in projected growth and technology automation: Understand the business impact of cyber risks to high-value processes and assets through collaboration with ERM and Finance.


  • CISOs and business leaders must collaboratively align security initiatives with identified business risk: Understand what cybersecurity program initiatives will reduce the most risk to the business at the least cost. 

Cyber Risk Governance & Automation FAQs

Transitioning from a control-based to a risk-led approach can be challenging for organizations. Common frustrations include a lack of clear understanding of risk management principles, difficulty in aligning cybersecurity efforts with business objectives, and the need for a cultural shift towards risk awareness. It can also be challenging to establish a comprehensive risk governance framework and integrate risk management practices across the organization.

Bluocean has extensive experience in developing and implementing risk governance frameworks. We will collaborate with your organization to assess your current state, identify gaps, and develop a tailored framework aligned with industry best practices. Our consultants will guide you through the process of defining risk appetite, establishing risk management processes, and implementing risk assessment methodologies. We will provide ongoing support to ensure the framework is robust, sustainable, and effectively integrated into your organization’s cybersecurity program

Bluocean offers a range of solutions to help organizations integrate risk management practices. We provide guidance on establishing risk governance structures, defining risk management roles and responsibilities, and implementing risk assessment and measurement methodologies. We leverage technology solutions and automation to streamline risk management processes and ensure consistent risk reporting and monitoring. Our consultants will work closely with your teams to foster collaboration, enhance risk awareness, and embed risk management practices into day-to-day operations.

BluOcean BluOcean recognizes the importance of change management and cultural transformation in the transition to a risk-led approach. Our consultants will develop tailored change management strategies, communication plans, and training programs to engage stakeholders, address resistance, and foster a risk-aware culture. We will collaborate with your organization to ensure employees understand the benefits of a risk-led approach and are equipped with the knowledge and skills to support the cultural shift.will rapidly assess your current risk management program with a comprehensive toolset to drive quality and efficiency in our delivery. We have invested in educating our team on the SEC ruling to be able to effortlessly collaborate with all your key stakeholders across the organization including the CFO, legal team, CISO,

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