Why CxO’s must embrace modern cybersecurity practices

1. Why CxO's must embrace modern cybersecurity practices

2. Why CxO's must embrace modern cybersecurity practices To stay ahead in business, the digital customer experience transformations have become mandatory. Cutting edge digital experiences across every device is the need of the hour for every customer. To fulfill their digital transformation requirements, enterprises are leveraging technologies such as Artificial Intelligence (AI), Machine Learning (ML), and Internet of Things (IoT) and are implementing Design Thinking and Lean approaches. While the digital transformations are imperative, it does not come without a risk. As new digital processes produce humongous data, they also generate a dizzying array of cybersecurity risks. Consequently, it will be a wise decision for any enterprise embarking on the digital transformation of their customer experience to have cybersecurity as the integral part of their culture. According to John A. Wheeler, Senior Director Analyst at Gartner Research & Advisory, “By proactively assessing risk appetite and the value of the desired business outcome, Chief Information Officers’ (CIO’s) and Chief Information Security Officers’ (CISO’s) can transform digital risk management into a competitive advantage.” Digital business has created a new ecosystem where partners add new business capabilities and security complexities. For the business to move forward, there is a need for CISO’s to strike a balance between what is needed in a security program and the risks to undertake. There may be missed opportunities if this balance is not meted out.

3. Why CxO's must embrace modern cybersecurity practices • Address failing cybersecurity approaches • An ineffective approach to cybersecurity often leads to bad investments and poor decisions. • Few challenges that limit cybersecurity’s impact on business as put forth by Gartner – • Societal perception is that cybersecurity is a technical problem, best handled by technical people. • Organizations ask the wrong questions about cybersecurity. • Current investments and approaches designed to address limitations are not productive. • The COVID-19 disconnect is a wake-up call for CIO’s, CISO’s, and IT executives about the critical need to address cybersecurity as a business decision in a business context. • Create a business context around cybersecurity • Identify the business context of your organization to create a business context around cybersecurity. While every organization has costs and budgets, sources of customers and revenue, and desired outcomes and supporting business processes, each of these components comes with key technology dependencies. • Identify how technology maps back to them and understand the organization’s business outcomes and most important processes. Shift towards an outcome-driven approach to cybersecurity using the business context as guide.

4. Why CxO's must embrace modern cybersecurity practices Cigniti’s Cyber Security Testing experts have a watchful eye on the technology landscape helping organizations to prevent, detect, and solve the complex security issues that damage brands and hamper productivity. Organizations are protected by assessing system vulnerability, scanning digital threats, and defining intelligent, secure solutions that match end client needs. Cigniti has a proven record of helping a multi-billion-dollar pharmaceutical company obtain vulnerability assessments of its applications and derive value from the Information Security metrics. Need help? Consult Cigniti’s team of experienced security testing experts to understand how they can help tackle and prevent any malicious cyberattack against your organization. Schedule a discussion today. Read Full Blog at: https://www.cigniti.com/blog/cxos-modern-cybersecurity-practices/