THE ROLE OF CORPORATE GOVERNANCE IN MANAGING CYBERSECURITY RISKS: A COMPREHENSIVE ANALYSIS

Cybersecurity risks have become increasingly prevalent and impactful in the modern business landscape, posing significant threats to organizations’ operations, finances, and reputation. As a result, effective management of cybersecurity risks has become a critical priority for businesses across industries. This research paper explores the role of corporate governance in addressing and mitigating cybersecurity risks comprehensively. Drawing on a diverse range of scholarly literature, industry reports, and case studies, this paper provides an in-depth analysis of how corporate governance practices influence an organization’s ability to manage cybersecurity risks effectively. The study examines the roles and responsibilities of boards of directors, executive management, and other stakeholders in setting the tone for cybersecurity governance within an organization. It explores the importance of integrating cybersecurity considerations into corporate strategy, risk management processes, and internal controls. Furthermore, the paper discusses the impact of regulatory requirements, industry standards, and best practices on shaping cybersecurity governance frameworks. Through the synthesis of empirical evidence and practical insights, this analysis offers valuable recommendations for enhancing cybersecurity governance practices to strengthen organizational resilience against cyber threats.