CG news update vol.9 

Five Principles for Oversight of Digital Transformation
September 4, 2019 By Leslie Chacko, Stessy Mezeu, and Friso van der Oord

Automated retail kiosks, robotic processes, autonomous vehicles, and digital payments are all innovations shaping how the lives of consumers and workers are being streamlined. The economic value generated from these new digital solutions and business models, combined with the speed of their adoption, is staggering. In fact, the World Economic Forum estimates that the “combined value” of digitalization in every industry could generate upwards of $100 trillion over the next six years.
Given the near-term disruptive potential of new business models that are enabled by emerging technologies, many boards are actively reassessing their oversight role in governing digital transformation initiatives. As stewards of long-term value creation, boards will need to strengthen their oversight of digital transformation and emerging technologies. (Read more click)

The Economics of Cybersecurity
September 18, 2019 By Paul Lehman

For many directors and business executives, cybersecurity spending has long been a mystery. Understanding where to invest, how much to invest and, most importantly, the return on that investment has been largely a guessing game. It is also how cybersecurity has earned the reputation of being a “black hole of spending”—chief information security officers (CISOs) continuously request more budget to stay apace of the constantly changing threat landscape, but there is little clarity around how that budget actually delivers value to a company.

If cybersecurity is a black hole, then it is also expanding rapidly while devouring ever-more money. Gartner projects that spending on cybersecurity products and services will hit $124 billion in 2019, an 8.7 percent year-over-year increase. This dwarfs Gartner’s projected 1.1 percent increase in overall IT spending for 2019. (Read more click)

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