COSO set to release new guidelines for managing cybersecurity

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The Committee of Sponsoring Organizations of the Treadway Commission (COSO),a key-standard setter on risk management,  is set to release new guidelines to help companies manage cybersecurity risks. The chairman of COSO, Paul Sobel, said that the guidance will focus on explaining how the principles of COSO’s risk management framework can be applied to cybersecurity. In addition to cybersecurity, COSO is also expected to publish guidance on the risk-appetite statement, compliance management, and on how boards can manage strategic risks.

The Wall Street Journal, Kristin Broughton, 8th August 2019