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Technology risk your board can see and own.

Regulators, auditors and clients now expect boards to understand technology risk. Governance gives them the structure to do it: clear policies, named owners and reporting they can act on.

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What it covers

Technology governance and board reporting

Technology risk register

Every material technology risk identified, rated and assigned a named owner, with the action and date that reduces it.

Policies that match practice

An IT policy set covering access, acceptable use, data handling, change, backup and incident response, written for how you actually operate.

Decision rights

Who approves what: purchases, access, changes and exceptions. Clear rules stop decisions being made by default.

Board and management reporting

A regular report on risk, projects, spend and incidents, in plain language with a clear ask where a decision is needed.

Regulatory alignment

For regulated entities, governance mapped to the CIMA Rule on Cybersecurity and the Data Protection Act, with evidence kept ready.

  • COBIT
  • NIST CSF 2.0
  • ISO/IEC 27001
  • CIMA Rule on Cybersecurity
  • Cayman Data Protection Act

How we do it

  1. Baseline

    We review existing policies, risks and reporting, and agree the obligations that apply.

  2. Build

    Policies, the risk register and decision rights are drafted and agreed with management.

  3. Report

    Board and management reporting starts on an agreed schedule.

  4. Maintain

    Policies and risks are reviewed at least annually, and after any material change.

Field notes

Worth knowing

Boardowned

Cyber risk sits with the board

CIMA's cybersecurity rule asks for a board approved framework. Your board needs plain reporting on technology risk to approve it with confidence.

Source: CIMA Rule on Cybersecurity for Regulated Entities

72hours

Incidents reach the regulator fast

Regulated entities must notify CIMA immediately, and no later than 72 hours after discovering a material cybersecurity incident.

Source: CIMA Rule on Cybersecurity for Regulated Entities

What you receive

  • Technology risk register with named owners
  • IT policy set aligned to your obligations
  • Decision rights and approval matrix
  • Quarterly board or management report
  • Evidence pack for auditors and regulators

Questions

What should a board technology report include?

Top risks and their trend, progress on major projects, spend against budget, incidents and near misses, and any decision the board needs to make. Two pages is usually enough.

Does the CIMA cybersecurity rule apply to us?

It applies to entities regulated by CIMA. If you are unsure whether your registration or licence brings you within scope, check with your compliance team or legal counsel; we can then map what it requires of your technology.

Can you present to our board directly?

Yes. Your virtual CIO can attend board or committee meetings to present the technology position and answer questions.

More on Virtual CIO

Talk to us about technology governance and board reporting

Tell us what you're working on. We'll listen, ask the right questions and recommend a practical next step. No obligation.

info@gabcoenterprises.com+1 345 769 4222
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