02/19/2025

Cybersecurity Risk Management Strategies for Associations

Associations must adopt reasonable cybersecurity measures

Associations are facing increased incidents of data breaches, ransomware, and other emerging threats, thanks to the accelerating adoption of new technologies. In fact, cybersecurity is the top threat faced by all organizations today, according to experts presenting at GRF CPAs & Advisors’ second annual Cybersecurity Symposium. This article offers their practical strategies for managing these risks, integrating them into ERM frameworks and aligning them with organizational goals.

Understanding Cybersecurity Risks for Associations

Associations face myriad cybersecurity risks, which can result in financial losses, reputational damage, legal liabilities, and operational disruptions. Common cybersecurity risks include:

• Data breaches: Unauthorized access to sensitive information such as member data, financial records and intellectual property
• Ransomware attacks: Malicious software that encrypts data and demands a ransom for its release
• Phishing scams: Deceptive emails or messages designed to trick recipients into revealing confidential information
• Malware: Malicious software that can damage or disable computer systems
• Insider threats: Security risks originating from employees or contractors 

Cybersecurity Risk Management Strategies

To effectively manage cybersecurity risks, associations should adopt reasonable cybersecurity measures—practical, risk-proportionate, and aligned with industry standards and best practices. This involves anticipating potential threats, implementing preventive measures and preparing for swift response and recovery.

Please select this link to read the complete article from ASAE’s Center for Association Leadership.