Strengthening UK Cyber Defenses: A Look at the Proposed Cyber Governance Code and its Implications for Internal Audit and IT Teams.

The UK government’s proposed Cyber Governance Code of Practice (the “Code”) signals a significant step towards bolstering the nation’s cybersecurity…

The UK government’s proposed Cyber Governance Code of Practice (the “Code”) signals a significant step towards bolstering the nation’s cybersecurity posture. This blog post dives into the key aspects of the Code and explores its potential impact on internal audit and IT teams within organisations of all sizes.

What is the Proposed Code?

The Code, currently in the consultation phase (https://www.gov.uk/government/calls-for-evidence/cyber-governance-code-of-practice-call-for-views), aims to provide practical guidance for non-executive directors on strengthening cyber governance within their organisations. It emphasises the importance of integrating cyber risk management with existing business practices and establishing clear ownership for cyber risks across senior management.

Why Should Internal Audit and IT Teams Care?

The proposed Code presents a valuable opportunity for internal audit and IT teams to collaborate on aligning their efforts with best practices in cyber risk management. Let’s explore some key considerations:

  • Enhanced Risk Assessments: The Code highlights the need for comprehensive and ongoing cyber risk assessments. Internal audit teams can leverage this emphasis to partner with IT teams in conducting more robust cyber risk assessments, incorporating industry frameworks and threat intelligence.
  • Board Engagement and Oversight: The Code emphasises the importance of board-level engagement with cyber risks. Internal audit teams can play a crucial role by presenting clear and concise information about cyber risks to the board, promoting informed decision-making.
  • Supplier Security: The Code underscores the importance of assessing and managing cyber risks associated with third-party vendors and partners. Internal audit teams can collaborate with procurement and IT teams to implement vendor risk management processes and conduct periodic security assessments.
  • Incident Response and Business Continuity: The Code highlights the need for robust incident response plans and business continuity strategies. Internal audit teams can work with IT teams to evaluate existing plans and ensure they are well-documented, tested, and communicated effectively.

Optimising Your Approach

  • Review and Gap Analysis: Evaluate your current cyber risk management practices against the Code’s principles. Identify gaps and opportunities for improvement.
  • Collaboration is Key: Foster strong working relationships between IT and internal audit teams to build a unified approach to cyber risk management.
  • Metrics and Reporting: Develop clear metrics to track progress on cyber risk mitigation efforts and communicate effectively with management and the board.
  • Stay Informed: Continuously monitor the development of the Code and adapt your approach accordingly.

The proposed Cyber Governance Code is a welcome development for the UK’s cybersecurity landscape. By understanding its implications and collaborating effectively, internal audit and IT teams can play a vital role in helping organisations strengthen their cyber defenses and build resilience against evolving threats.

Free

£0 + VAT / month

For SME’s with basic audit requirements

Individual

£15 + VAT / month (min. 12 months)

For individuals that require a host of audit tools

Corporate

£10 + VAT / month / user (min. 12 months)

For organisations with bigger audit teams

>