A convergence of events has forever altered the management of cyber risk, ushering in a new era that pushes cybersecurity from the IT department to the board room. Businesses that can’t evolve will not be able to exist in this new paradigm. Traditional business operations are undergoing a massive shift in the wake of this new reality. Increased transparency will become the norm, as cyber risk and cybersecurity performance data will be integrated into credit analyses, financial ratings, pricing, ESG frameworks, mergers and acquisitions, and other market decisions.