#enterprise-risks

#enterprise-risks

When the CEO held a virtual town hall in 2020 and said there needed to be layoffs, I knew I would be one of the first to go because I served zero purpose at that point.

Hasbro detected an intrusion on March 28, prompting the company to take down some of its systems. Parts of Hasbro's website appeared down, with error messages indicating maintenance.

Rhyne's attack involved unauthorized remote desktop sessions, deletion of network administrator accounts, and changing of passwords, showcasing significant security vulnerabilities.

As audit committees confront a rapidly expanding risk landscape, their role in corporate governance is being reshaped. Boards have often turned to current and former CFOs as independent directors, particularly for audit committees, because of their ability to translate complex operational and financial realities into effective oversight.For example, this month, J. Michael Hansen, former EVP and CFO of Cintas Corporation, was appointed to the audit committee at Paychex.

Rather than stolen data making headlines, it was business stoppage that triggered attention. Moving into 2026, the board's focus should be on ensuring business continuity and building resilience in the face of emerging risks generated by AI usage and attack vectors, quantum computing and geopolitics.

Building security into the framework of an organization prevents security from being seen as a barrier to daily activities. If an employee feels as if a security measure is inhibiting them from completing their daily tasks, they're far more likely to find a way around that measure. This can range from propping open a door to using the same easy-to-remember password for every account.