CFO to CMO – how the C-suite plays a role
Responsibility for implementation of robust cybersecurity policies and procedures that outline behaviour, define roles, and establish guidelines for incident response and reporting, falls to the CEO and Board. They should also be continually assessing the organisation’s cybersecurity posture – performing regular penetration tests and audits.
“It’s about making cybersecurity a core value that aligns with the mission, vision, and values of the organisation,” says Lisa.
To encourage a security-first culture, the CEO should be actively participating in cybersecurity initiatives, regularly communicating the importance of cybersecurity to employees, ensuring they understand their role in protecting sensitive information, and encouraging collaboration and communication between departments to ensure effective coordination of cybersecurity efforts.
As for the CFO, they have a key part in financial planning and risk management. They should ensure adequate budget for cybersecurity initiatives, assess the financial implications of potential cyber risks, and ensure that cybersecurity investments align with the organisation’s risk…
