The Cyber Readiness Institute launched in a joint initiative between two non-profit and nonpartisan organizations, the Center for Responsible Enterprise and Trade (CREATe.org), and the Center for Global Enterprise.

The purpose of the CRI is to enable the private sector to better address cybersecurity risk management, with a focus on support for small and medium-sized organizations. The CRI will assemble senior leaders of global companies from across multiple sectors to capture best practices for managing the people, processes, and technology needed for effective cybersecurity.

The co-chairs of the CRI are

• Samuel J. Palmisano, retired chairman and CEO, IBM Corporation, and current chairman, The Center for Global Enterprise (CGE).
• Ajay Banga, president and CEO, Mastercard.
• Satya Nadella, CEO, Microsoft.
• Penny Pritzker, former U.S. Secretary of Commerce and chairman of PSP Capital Partners.

“Our goal with the Cyber Readiness Institute is to foster more proactive involvement of the private sector in the development and promotion of global management best practices for cybersecurity,” said Palmisano.

“In today’s dynamic cyber threat environment, it is essential to ensure that cyber risk management skills are embedded in every organization. The work of the Cyber Readiness Institute will help better inform and educate our workforce about ways to mitigate cyber risks to help secure businesses and the broader digital economy,” said Pritzker.

In the coming months, the CRI plans to recruit additional CEOs, their company’s subject matter experts, and representatives from their value chain to participate in sessions to identify and choose the most pressing cybersecurity risk management priorities.

“Cybersecurity risks are rapidly growing because of the proliferation of interdependencies in our global digital economy,” stated Kiersten Todt, managing director of the Cyber Readiness Institute and former executive director of the Commission on Enhancing National Cybersecurity. “The Cyber Readiness Institute will share best practices across sectors to develop content and tools for improving the cybersecurity risk management of enterprises and their value chain partners.”

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