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is trustworthy, then we often see that no one person is genuinely
liable.
The recent past has been littered with examples of a lack of
accountability and governance. Many organizations have
committed fraud, failed to protect assets adequately, and
disclosed personally identifiable information (PII)
inappropriately. Several countries have passed legislation, and
industries have developed standards in an attempt to increase
accountability and personal ownership, for compliance with laws,
acceptable standards, and best practices. These laws have various
levels of effectiveness and often introduce a high cost to the
organizations affected. A core principle required to protect the
assets of the organization is to define the roles and responsibilities
for the oversight and management of the security program.
The ultimate authority and accountability for the governance of
the organization is the senior management team and the board of
directors. They are responsible and accountable for ensuring that
the organization follows the law, behaves ethically, and defines
the level of adequate protection of the assets of the organization
and levels of risk acceptance. Many of these principles (ethics,
law, compliance, etc.) will be examined in more detail later in this
book.