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Risk
04/10/2025

Should Boards Leave “Lazy, Stupid and Boring” Cyber Heat Maps Behind?

The metrics community bank directors use to oversee cyber risk could create a false sense of security or mask real issues. Here’s how boards can change their approach.

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About the authors
Written by
Kiah Lau Haslett Banking & Fintech Editor

Kiah Lau Haslett is the Banking & Fintech Editor for Bank Director. Kiah is responsible for editing web content and works with other members of the editorial team to produce articles featured online and published in the magazine. Her areas of focus include bank accounting policy, operations, strategy, and trends in mergers and acquisitions.

Kiah Lau Haslett
Banking & Fintech Editor
The way some community bank boards oversee and monitor cyber risk might be due for an update. Cybersecurity is one of the biggest threats facing banks, and a complicated topic for boards to oversee. Asking for and receiving quantifiable, contextual metrics can give directors a vocabulary that helps them better understand the possibility of different cyber incidents and how to prevent, detect and manage the fallout.  “You cannot have good risk management without good risk quantification,” says James Lam, the president of James Lam & Associates, a risk advisory firm. “Good risk management is always preceded by good risk quantification.”…

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WRITTEN BY

Kiah Lau Haslett

Banking & Fintech Editor

Kiah Lau Haslett is the Banking & Fintech Editor for Bank Director. Kiah is responsible for editing web content and works with other members of the editorial team to produce articles featured online and published in the magazine. Her areas of focus include bank accounting policy, operations, strategy, and trends in mergers and acquisitions.