The role of the Chief Information Security Officer (CISO) is emerging, says Craig Richardson CEO of Wynyard Group, a developer of anti-crime software.
Cyber-attacks could cause severe disruption to a company’s business functions or operational supply chain, impact reputation, compromise customer information or result in loss of intellectual property. From kids hacking video game downloads, to organised criminals targeting financial services organisations, state-sponsored theft of trade secrets, and terrorists targeting critical infrastructure, no company is immune to cyber-attacks.
Each organisation has a distinctive cyber threat risk profile depending on the nature of the business, what information the industry deals with and how valuable that asset is to criminals.
Companies must assess and manage cyber risk as they do other operational, reputational and financial business risks across their enterprise.
The first place to start is for executives and boards to get involved in cyber risk management discussions, including an evaluation of your company’s specific cyber risks and cyber incident response plans.
To properly manage cyber risk, the CEO must fully understand the company’s cyber risks, the company’s plan to manage these risks, and the company’s response plan when the inevitable breach occurs.
For the full article visit – https://www.wynyardgroup.com/en/news-events-blog/managing-cyber-threats-in-your-organisation-in-2015/
