Bridging Compliance And Security: Evaluating The Implementation Of Kotak Committee Recommendations On Cyber Risk Disclosure
- IJLLR Journal
- 1 day ago
- 2 min read
Bhanu Pratap, LLM, Department of Law, Prestige Institute of Management and Research, Gwalior, Madhya Pradesh
Richa Mittal, Assistant Professor, Department of Law, Prestige Institute of Management and Research, Gwalior, Madhya Pradesh
ABSTRACT
Growing dependence on digital technology has left organizations vulnerable to a vast array of cyber threats, highlighting the need for proper cyber risk disclosure and management. Therefore, recommendations of the Kotak Committee for cyber risk disclosure have been an important advancement towards greater transparency and accountability. This study seeks to assess the effectiveness of their implementation and contribution towards closing the gap between compliance and security.
This research will carry out an in-depth analysis of the Kotak Committee's suggestions regarding cyber risk disclosure and their adoption by organizations. Using a mixed-methods approach, incorporating literature review, document analysis, interviews, and case studies, this research will analyze the efficacy of these suggestions in improving cyber risk disclosure and management processes. The research will also establish the challenges and constraints faced by organizations in adopting these suggestions and make recommendations for enhancement.
The importance of this study is that it has the potential to add to the body of literature on cyber risk disclosure and management, and guide the regulatory bodies, policymakers, and organizations regarding the efficacy of the Kotak Committee's suggestions. Through an analysis of the implementation of these suggestions, this research will offer insights into where compliance and security intersect, and how firms can reconcile regulatory demands with security needs.
The conclusions from this study will be of relevance to organizations, regulatory authorities, and policymakers. They will identify the strengths and limitations of existing regulation and make recommendations for reforms. This research will also add to the debate regarding the contribution of regulation to improved cyber risk management and disclosure practices.
Finally, this study aspires to offer its readers a sophisticated appreciation of the intricate interplay between compliance and security amid cyber risk disclosure. By closing the operational gap among regulatory requirements and security measures, this study shall lead to better and more efficient cyber risk management models for balancing compliance and security demands.
Keywords: Cyber risk disclosure, Kotak Committee recommendations, compliance, security, regulatory framework, cyber risk management.
