e Frameworks and standards (27%): Suggestions were split between those who
advocated the promotion of existing industry frameworks (11%) and those who
suggested the creation of new frameworks (16%). Five per cent also suggested
extending or improving existing Government frameworks.
¢ Regulation (13%): Suggestions for additional regulation included mandated
reporting of cyber incidents and mandating minimum cyber security standards.
¢ Accreditation (11%): An accreditation scheme was suggested as a means of
making the key information used in cyber risk management more robust and
transparent.
¢ Government services (6%): Suggestions included Government providing
additional information on official sites, and the provision of financial incentives,
either through providing funds or reducing the cost of certifications.
¢ International alignment (5%): As for the previous question, a small proportion
of respondents highlighted the need for solutions to be aligned internationally.
Increasing responsibility and accountability for cyber risk management at
the senior level
Suggestions on the requirements and solutions that would ensure that, at a senior level,
organisations take responsibility and accountability for effective cyber risk management
were provided by 69 respondents. This was asked as an open question, with responses
coded into themes, including:
e Regulation (45%): Almost half suggested additional regulation. This included
suggestions of mandating accountability including board members being directly
accountable for cyber security or having a Chief Information Security Officer on the
board, establishing director liability and compelling organisations to provide
additional information through corporate reporting. A small proportion suggested
that this could be achieved through extending existing regulation (6%), such as
GDPR.
¢ Improved understanding (14%): Some suggested increasing responsibility and
accountability could be achieved by improving understanding and knowledge,
particularly through cyber risk training for Board members.
¢ Industry led enforcement (3%): A small proportion suggested that increased
responsibility and accountability at a senior level could be achieved through
industry initiatives such as organisations requiring their suppliers to comply to
standards, and membership bodies and professional association requirements.
A final open question asked respondents what more Government and/or industry could
do to help to stimulate investment in effective cyber risk management. Input was
provided by 63 respondents, with responses coded into themes. Suggestions provided to
this question were similar to responses to other questions throughout the Call for
Evidence, particularly the need for additional regulation.
23/27
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