Just get my email to work. That is perhaps the most common request a CIO receives on a daily basis. In her blog, How the Information Economy Is Changing the C-Suite, OZY author, Sanjena Sathian, talks about the changing role of the CIO from “head geek” to the new star among management.
One of the biggest reasons for this new-found spotlight is cybersecurity. As cybercriminals take on bigger and more high-profile targets, businesses are beginning to pay much closer attention to security.
When did cybersecurity become such a hot topic? Was after the Target breach? Heartbleed? JPMorgan Chase? Even the St. Louis Cardinals are being investigated for hacking into Houston Astros’ computer networks.
Across verticals, cybersecurity is now a boardroom topic. Here are the top 4 reasons why everyone is looking to the CIO for answers:
1. Cybersecurity Is Among the Top 3 Board and C-Suite Level Priorities
In a recent survey of board members and C-suite executives, more than half of respondents indicated that insufficient preparation to manage cyber threats is a risk that will “significantly impact” their organizations this year.
2. Cyberattacks Are Not a Question of “If,” But a Question of “When”
Cyber criminals don’t discriminate. Businesses across all vertical industries have been victims of cyberattacks, leaving customer/patient data compromised and their brand reputation tarnished. Today’s businesses realize that cyberattacks are imminent. It’s no longer a question of “if we get hacked” but rather “when we get hacked,” and organizations are shifting priorities from buying more scanners to buying more tools that glean intelligence from the data that already exists.
3. Practical Preparedness Means Increasing Focus on a Response Plan
Events over the last decade have shown a spotlight on the significance a well-executed incident response plan can have on brand reputation. In this new age, CIOs are being tasked with providing meaningful risk and security metrics to the board and are demonstrating readiness in terms of cyber incident management and recovery times.
4. Security is Not Just About Big Data; It’s About Big Relationships
It’s not just a matter of how much data you collect, but how much sense you can make of the information. CIOs are seeking tools like Rsam that cut through the noise of data gleaned from a multitude security operations sources to provide meaningful metrics in a way that helps senior executives align business objectives with organizational risk thresholds, tolerance levels, and other parameters.
For strategies on Reporting State of Security and Risk Metrics to the Board check out the webinar on Thursday, June 25th at 2:30pm EST.