The days when cybersecurity was the IT department’s headache are over. Information security has become a business issue, particularly as businesses look to digital transformation to remain innovative and relevant in the information age.
So said Vincent Mello, manager: system administration and risk management, Rand Water, speaking at the ITWeb Security Summit 2018 happening this week at Vodacom World in Midrand.
Although C-level execs focus on risk, sustainability and compliance, they cannot afford to neglect cyber security, said Mello. Criminals are sophisticated and determined. They need only a computer, and no organisation, irrespective of size, is immune from attacks.
Shifting concerns
He says while C-level executives and board members are primarily concerned with brand reputation, risk, strategy, compliance and the cost of breaches, it is critical to consider the risks associated with cybersecurity.
According to him, cybersecurity isn’t about ticking boxes. Over and above the obvious financial losses, is the loss of reputation.
“It takes years for a business to establish a reputation, but only a matter of minutes to ruin that reputation and lose customer confidence…
