What Boards Need to Know About Tech Risk

This article argues that boards of directors often fail to adequately address technology risks due to a focus on revenue-generating investments and a lack of understanding of the technical realities of digital infrastructure. It highlights that many critical technology risks – like technical debt, vendor dependencies, and outdated systems – accumulate silently until they cause significant operational disruption and potential business damage. The article stresses the importance of creating a psychologically safe environment for CIOs and CISOs to openly discuss these risks and encourages boards to shift from passive oversight to active participation in risk reduction, using clear analogies and focusing on the potential business consequences of inaction.