Ninety-four percent of CxO’s believe it is probable their company will experience a significant cybersecurity incident in the next two years.1
As companies struggle with balancing their risk with their resources when combating cybercrimes, it is important for C-Suite executives to have a basic understanding of what threats their business will be facing. Unfortunately, just knowing of these threats will not prevent them, but strong security practices can halt attacks before it is too late.
While cybersecurity may never be core to your business, developing and preparing the people, processes, and technology is essential to mitigate and reduce the risk of cyber-attacks. Until recently, the handling of most cybersecurity risks was the responsibility of the IT Team and their technical controls. Companies that continue to rely solely on their IT Team to manage their cybersecurity are destined to fail.
Many of the greatest cybersecurity threats are the result of either malicious or unknowing people. This may include your own employees or business partners. The technical controls implemented by the IT Team can only accomplish so much. It is for this reason that the C-Suite must now be the leader in driving cybersecurity within the organization.
Fifty-one percent of CxO’s surveyed believe a one in four chance exists of a breach occurring that will have a material impact on their organization.1
The C-Suite can lead by following good security policies and procedures. Doing so sets the tone within the entire organization that cybersecurity is important and protecting the company’s data, intellectual property and customers is essential. Employees that see leaders locking their workstations, questioning suspicious e-mail, and keeping sensitive material off printers are likely to follow their example.
Successful executives who are charged with the long term growth and strategy of the company must take it even one step further. Once they have set an example themselves, they seek to raise awareness and train the entire organization so there is greater knowledge on how to reduce the likelihood of a cybersecurity incident.
This type of leadership from the C-Suite will improve the overall awareness of cybersecurity within the organization. If people are properly trained and polices are well written and followed, the IT team’s technology controls will perform as designed.
Giving Security the Attention It Deserves
An IT Director's Guide to Communicating Security Needs with the Executive Team
This paper discusses effective ways to communicate security concerns and solutions to the executive team – providing talking points and suggestions.