MA

The Millennium Alliance is an invitation-only organization for Senior-Level Executives and Business Transformers.

212-256-9890
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

The State of Cybersecurity in the C-Suite

  • By admin
  • in
  • on December 17, 2018

“Complexity is the enemy of security.”

When it comes to cybersecurity, no one gets a hall pass. This is especially true when it comes to the C-Suite. Cybersecurity is viewed as a cost center, especially since many people do not know how to deal with cybersecurity effectively.

Cybersecurity should be seen as a growth enabler or differentiator for the C-Suite, by allowing the type of innovative investments that allow the company to scale into new markets and protect their data at all costs – all while leading their organization through its successes and pitfalls.

It could potentially be a disastrous mistake for executives with non-technical backgrounds to assign responsibility to the chief security officer, chief information security officer or IT team to keep cybersecurity practice in check. If C-suite executives of other departments see trouble ahead, but do they really understand the size of the problem below the surface? In order to the see the problem, the C-suite must take steps to ensure that cybersecurity is always on their radar.

What Can We Do?

Taken off his recent Forbes article, Gaurav Banga, Founder and CEO of Balbix, lists question cybersecurity professionals can ask to get the ball rolling in important meetings with senior executives regarding safety and security within the organization.

  1. Do we have a real-time inventory of our assets, including mobile devices, unmanaged assets, cloud services and IOTs?
  2. Are we able to continuously observe all relevant security attributes for our assets?
  3. Assuming some internet-facing asset is compromised, how quickly will the attack propagate before being detected?
  4. What is the likelihood and impact of a major breach?
  5. Can we quantify our cyber-resilience (i.e., ability to limit the impact of attacks in time and space)?
  6. What proactive steps have we taken to improve cyber-resilience?
  7. Can we estimate proforma ROI of our security initiatives, quantifying the expected decrease in breach risk?

By asking these questions, your organization will be able to spend more time measuring and auditing the network to better understand risk and development in the cybersecurity sector of your business. This will create clarity around actions that need to be taken to in order to reduce breach risk.

The Next Steps

Ultimately, the C-suites must lead the charge of the cybersecurity brigade — and the boards must also be engaged. Senior leaders driving the business must take ownership of building cyber resilience while educating those who are not only below their level, but on the same or above their level. Securing the network is no longer someone else’s job, but it is rather a team effort. Executives must all work together to do their part to keep digital assets safe or it could mean inevitable doom for their organization.

Having the C-suite back the implementation of an organizational cybersecurity framework will increase the likelihood of success in implementing a holistic security program. When the entire organization, from executive ranks to the front line, are fully engaged with a security first mindset, a utility, as well as unity, is well on its way for the future of that business.

TRANSFORMATIONAL CISO EAST ASSEMBLY 2019

Due to the success of our National Transformational CISO Assembly, in 2019 The CISOEC1 Banner.pngMillennium Alliance in partnership with our Advisory Board, is launching the first Transformation CISO East Coast.

This exclusive Assembly will bring industry experts and the best solution providers to our CISO Members based on the East Coast.

Are you a CISO interested in attending this event? Enquire here today to find out if you qualify for Millennium Membership >>

Leave a Reply

One thought on “The State of Cybersecurity in the C-Suite

  1. Risk assessment across the entire organization – both internal and external assets must be performed, after which a minimum security baseline set of policies should be enforced. With the way digital technology and business requirements are evolving, security should be central to any business aiming to serve their clientbases through online medium. Great article!

PUBLISHED BY admin

Jenny Schecher is a Client Services Director & Social Media Manager at The Millennium Alliance. Jenny is an avid contributor to our blog, Digital Diary, as well as all social media platforms. When she is not writing about digital transformation and technology, she is working with her team to make visions come to life at our events. (and eating all of NYC's best food.) Follow her on Instagram: @jennyschecs or find her on LinkedIn!

View all posts by admin

Related Posts

News , Security

Announcing our Keynote Speaker, Joe Schatz!

2020 is just around the corner, and we are very excited to announce the Keynote Speaker for our first event of the decade! Joe Schatz, Managing Principal, Cyber Security Strategy and Operations for Techcentics and former White House CISO, will deliver our Keynote Address at the Transformational CISO West Assembly in Arizona at the end […]

Marketing , Technology

The Why’s and How’s of Choosing a CDP

It’s the software at the top of every marketer’s mind. But choosing from the massive field of vendors can be challenging. Here’s how to do it. (*Content Provided by Exponea) If you work in marketing, chances are you’ve heard the acronym “CDP” (customer data platform) a few times during the last year. Maybe you’ve seen […]

#MillenniumLive , Interview , Marketing

#MillenniumLive with Eric Leininger from the Kellogg School of Management!

This week’s episode of #MillenniumLive features executive-turned-academic Eric Leininger from the Kellogg School of Management at Northwestern University! In this episode, Eric shares his insight on the swinging pendulum facing marketers today: whether the CMO role is truly disappearing, structural changes within organizations, metric challenges and how education has evolved for executives & students alike. […]

Marketing , Technology

Exponea: 2020 Kickstart for Marketers

It’s a new year; a clean slate: a fresh chance to create the marketing plan you always knew could make your business grow like never before. So stop relying on ad hoc campaigns, stop scrambling for last-minute ideas, and start setting a comprehensive plan into motion. If you Google “Customer Lifecycle Marketing” or “Customer Lifecycle […]

Lovin’ Digital Diary?

Premium content to our readers interested in all things business.

Check Us Out!

Millennium Membership offers Fortune 1000 C-Level executives, leading public sector/government officials, and thought leaders across a variety of disciplines unique and exclusive opportunities to meet their peers, understand industry developments, and receive introductions to new technology and service advancements to help grow their career and overall company value.

About Millenium Alliance Next

About Digital Diary

Created to provide premium content to our readers interested in all things business.

Launched in 2017, Digital Diary was created to provide premium content to our readers interested in all things business. With our blogs catered to deliver the top news stories, trends, and interviews from across all industries.

Read all story Next

Interested in Millennium Membership?
Find out if you qualify here.