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As a chief information security officer (CISO), your role is expanding significantly as enterprise risk priorities and threats grow more complex and widespread. Cyber strategy, governance, reporting and risk management practices now face heightened scrutiny from regulators, with the potential for continuous oversight as the political landscape shifts. As cybersecurity becomes increasingly intertwined with the adoption of emerging technologies, CISOs will need to defend against a wide array of threats targeting diverse entry points and surfaces across your enterprise. To stay ahead, take an agile and collaborative approach, integrating resilience and security by design to support innovation, transformation and growth while keeping stakeholders informed on the latest risks.
Many industry leaders understand that data is a business imperative. CISOs are concerned about classifying, encrypting and preventing the loss of sensitive data to protect regulator and consumer trust. However, lack of visibility and a holistic approach to manage data risk is impeding strategic growth and transformation initiatives. Managing this complex problem starts by treating data risk as a top-line business agenda.
[48%] of business executives say they’re prioritizing data protection and data trust as their top cyber investment
Rising technology and information security risks from third-party vendor relationships and supply chains are testing the resilience of many companies. Threat actors are looking to disrupt operations and gain access to businesses through multiple back doors. Staying secure requires continuous vigilance and a holistic approach across people, processes and technology. Organizations prioritizing resilience regularly assess gaps to improve strategies.
CISOs can lead resilience-building efforts by proactively assessing risks and scenario planning, guiding investments to address those risks, implementing training and running simulations and tabletop exercises. This is also an opportunity to align resilience plans with business strategy. Translating how strong enterprise resilience practices can benefit the business is just as important as the plan itself — and may lead to more integrated, collaborative approaches.
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As a CISO, you’re expected to lead the C-suite on cyber risk management and resilience implementation. Yet CISO involvement in business activities impacted by cybersecurity is still falling short. This disconnect could factor into gaps in readiness and adequate investment to address vulnerabilities and threats. Only 21% of executives usually allocate cyber budget to the top risks to the organization.
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To build trust with shareholders and customers, regulators are requiring businesses to be more transparent about how they manage and govern cyber risks. With this scrutiny, the C-suite can work with the CISO to align cyber capabilities with business goals and deliver accurate reporting, while the board takes a more active cyber risk oversight role.
However, increasing regulatory complexity and challenges aligning standards across multiple agencies makes achieving transparency more difficult. A strong partnership between the CISO, C-suite and board is key.
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Data is the engine for business innovation, transformation and growth. Advances in generative AI (GenAI) have unlocked the potential for faster insights, lifting barriers to scalable analysis through automation and operational enhancements. To seize this transformative upside, data quality, security and governance are imperative to mitigate accuracy, privacy and trust risks. Companies proactively investing in tools and practices to better manage and safeguard their data are a step ahead.
Align with your data leaders to reassess your data governance protocols and priorities. Focus on identifying critical data elements, where they are stored, and verify controls are in place for data quality and security. This is an opportunity to drill down on data accuracy and possible exposure or loss that could compromise customer trust and regulatory compliance.
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[48%] of business executives prioritize data protection and data trust as the top cyber investment over the next year — ahead of tech modernization and optimization
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