Chief Information Security Officers (CISOs) have historically chafed at budget constraints, with some pushing the envelope and bringing the case for stronger cyber defenses to the board room. New research indicates that executive decision-makers want InfoSec costs linked to business value and return on investment (ROI), and it’s CISOs who can deliver a compelling narrative to their peers that typically achieve this goal.
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One of the hottest topics in the business world these days is the General Data Protection Regulation (GDPR), the European Union’s endeavor to create a unified framework that governs how data collectors and processors safeguard the privacy of their users and build walls that cybercriminals can’t penetrate.
Mobility is central to today’s business environment, enabling workers to bring their own devices and connect from remote locations to the company network. However, this practice opens the door to hackers, and CIOs in the United States and Europe are well aware of this.
To anyone who has been paying attention, this isn’t as much of a surprise, as it is a confirmation of the ongoing tenuous condition of enterprise cybersecurity but a just-released survey from specialty insurer Hiscox shows that roughly three-quarters of the 4,100 organizations surveyed face significant shortcomings when it comes to cybersecurity.
Keeping senior leadership abreast of security strengths and vulnerabilities has become a top priority, according to financial sector Chief Information Security Officers (CISOs). And direct communication with the CEO has become imperative, as strong cyber defenses require increasingly rapid decision-making.
Government CIOs have a full agenda for 2018, including top investments in cloud services (19%), cybersecurity (17%) and big data analytics (16%), according to Gartner’s 2018 CIO Agenda Survey. The predictions are based on interviews with 3,160 CIOs from 98 countries, including 461 who work in government institutions.
One of the biggest consumer credit reporting agencies in the United States is learning a harsh lesson. A massive breach that affected personal information of 143 million U.S. consumers has led to the forced retirement of Equifax’s chief information officer and chief security officer, a 13 percent drop in market valuation, several class action lawsuits and a deterioration in public trust.