Intelligent CIO North America Issue 20 | Page 23

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MITIGATING CYBER-RISK BECOMES TOP PRIORITY FOR THE BOARDROOM

California-based Saket Modi , Co-Founder and CEO at Safe Security , explains why cybersecurity is no longer just the concern of IT departments but has become a dominant issue for the boardroom itself .

As businesses continue to invest in Digital Transformation and base their business models on technology , cyberthreats only become more imminent . Cyber-risk is no longer an IT problem , but a board-room concern .

With cyberattacks disrupting Business Continuity , they pose a direct impact on the top and bottom line of an organization ’ s balance sheet . Thus , making cybersecurity one of the top priorities of every organization .
Challenges with traditional cybersecurity approach
The evolving breach trends verify that complying to frameworks alone can no longer holistically safeguard organizations . Frameworks such as ISO , NIST , PCI
The board and business executives are expected to incorporate the management of cyber-risk as part of their business strategy .
DSS and others are used as reference checklists for cybersecurity and risk management practices , however , they provide limited visibility .
Cybersecurity must be aligned in every organization ; threats and mission-critical business needs , provided by products that deliver holistic and actionable insights . The Frameworks approach to risk-posture assessments is subjective , labor-intensive and only offers point-in-time snapshots / assessments .
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