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CGE and CREATe.org Launch ‘Cyber Readiness Institute’ with Industry Leaders to Improve Cyber Risk Management and Help Secure Value Chains

WASHINGTON DC – July 19, 2017 The Cyber Readiness Institute (CRI) launches today to enable the private sector to better address cybersecurity risk management across value chains, with a particular emphasis on support for small and medium-sized enterprises. The Institute is a joint initiative by two nonprofit and nonpartisan organizations, The Center for Global Enterprise (CGE) and the Center for Responsible Enterprise And Trade (CREATe.org). Co-chairs 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; and Penny Pritzker, Former U.S. Secretary of Commerce and Chairman of PSP Capital Partners. 

The Cyber Readiness Institute will convene senior leaders of global companies from across sectors to capture best practices for managing the people, processes, and technology needed for effective cybersecurity. This collective knowledge will inform the Cyber Readiness Institute’s development of cyber risk management content and tools designed to help secure global value chains. The Institute’s work will emphasize the practical application of these tools for small and medium-sized businesses and the workforce requirements for effective implementation.

In the coming months, the Cyber Readiness Institute will recruit additional CEOs, their company’s subject matter experts, and representatives from their value chain to participate in sessions to identify and select the most pressing cybersecurity risk management priorities. This process will begin by assessing private sector recommendations contained in the December 2016 report from the President’s Commission on Enhancing National Cybersecurity (“Commission Report”). 

“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.”

Quotes from the Cyber Readiness Institute Co-Chairs:

Samuel J. Palmisano, Retired Chairman and CEO, IBM Corporation, and Current Chairman, The Center for Global Enterprise (CGE):

"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.


Ajay Banga, President and CEO, Mastercard:

“Cyber threats are increasingly opportunistic and targeted at a broad range of companies with varying capabilities to manage these risks. Helping all companies to adopt best practices in cybersecurity – and in particular small and medium-sized businesses - will go a long way toward building resiliency across the value chain.”


Brad Smith, President, Microsoft:

“The Cyber Readiness Institute brings together a diverse group of enterprises and their value chain partners to develop new ways to collaborate to improve the business processes that need to be in place for effective cybersecurity.”


Penny Pritzker, Former U.S. Secretary of Commerce and Current Chairman, PSP Capital Partners:

“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.”


About the Cyber Readiness Institute

The Cyber Readiness Institute brings together a cross-sector group of senior leaders of global companies to capture best practices for managing the people, processes and technology needed for effective cybersecurity. This collective knowledge will inform the Cyber Readiness Institute’s development of cyber risk management content and tools designed to help secure global value chains. The Institute’s work will emphasize the practical application of these tools for small and medium-sized businesses and the workforce requirements for effective implementation.

The Institute’s Co-Chairs 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, Chief Executive Officer, Microsoft; and Penny Pritzker, Former U.S. Secretary of Commerce and current Chairman, PSP Capital Partners.  Kiersten Todt is Managing Director of the Cyber Readiness Institute.

The Cyber Readiness Institute is a joint initiative by The Center for Global Enterprise (CGE) and the Center for Responsible Enterprise And Trade (CREATe.org). The Center for Global Enterprise is a nonprofit, nonpartisan research institution devoted to the study of global management best practices, the contemporary corporation, economic integration, and their impact on society. The Center for Responsible Enterprise And Trade (CREATe.org) is dedicated to helping companies and their third parties effectively address governance, risk and compliance associated with cybersecurity, the protection of intellectual property and trade secrets and confidential information and the prevention of corruption.

For more information visit: www.CyberReadinessInstitute.or.. or email [email protected]