To date, this has been a massive obstacle for security teams to prove their value to business leadership. How can a CFO answer these questions? One place to start is enabling the chief information security officer’s team to represent cyber risk in the terms and context a finance chief can analyze and digest. What is the financial impact of a potential cyber attack? Is our current cyber insurance coverage enough? What is our return on security investment?
The CFO can play a pivotal role in determining the cyber health of an organization, answering critical questions such as: However, the one function that organizations cannot afford to negotiate down is cybersecurity. World economies will continue to be impacted by the consequences, but global organizations have ample opportunities to redirect and distribute their finite resources.
We are collectively experiencing the side effects of a disruptive geopolitical conflict that is influencing the ongoing inflation cycle.
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