Explore the critical aspects of establishing an effective cyber risk appetite in this 52-minute conference talk presented by Matt Tolbert, Senior Risk Specialist in Cybersecurity & Operational Risk at the Federal Reserve Bank of Cleveland. Gain insights into the foundational importance of a defined cyber risk appetite for any firm's information security program. Delve into the current lack of comprehensive guidance on creating effective cyber risk appetites, particularly regarding risk appetite compliance thresholds and key performance indicators (KPIs), key risk indicators (KRIs), and key control indicators (KCIs). Discover valuable information on existing and upcoming guidance, as well as best practices for developing a robust cyber risk appetite framework to enhance your organization's cybersecurity posture.