Businesses have always had to manage traditional risks – financial, operational, compliance, and others. However, today’s digital world presents another rapidly growing risk: cybersecurity. Chief Information Security Officers (CISOs) need to protect their organizations against emerging cybersecurity threats while ensuring adaptability to evolving regulatory requirements
It’s a delicate balance. If the CISO downplays this risk, the business won’t invest in cyber-security, the workforce may not take it seriously, and leadership could become reckless. If, on the other hand, the CISO advocates a cautious approach, the security team could clamp down on changes, while business relationships could find themselves tested by stringent vetting processes.
More importantly, the fear of cyberthreats may lead to stagnation. The organization would not make the bold business moves it needs to keep growing e.g. expanding into new markets, embracing new technologies, and innovating its Offerings
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