Sekuro’s Post

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Many leaders are convinced they can continue business as usual- not planning for security incident response and hoping an incident never happens. Wishful thinking is not a cyber-defense program.

CISA Director urges top Business Leaders, Board Members to take Cyber Risk Ownership 🔗 https://lnkd.in/eb8M2yVY 🔹 U.S. corporate leaders need to embrace cybersecurity as an issue of central importance to the success of their businesses, Cybersecurity and Infrastructure Security Agency Director Jen Easterly said. 🔹 Easterly, in a Thursday appearance before the Economic Club of New York, told attendees that top corporate executives, including CEOs and corporate board members, need to understand the risks posed by cybersecurity and take an active role in. 🔹 Speaking just weeks after the Biden administration unveiled the national cybersecurity strategy, Easterly said this is not an issue the government can fix on its own, but businesses will need to play an important role in solving. NACD Director's Handbook on Cyber-Risk Oversight By NACD and Internet Security Alliance 🔗 https://lnkd.in/eBEzXJPJ #business #seccurity #cybersecurity #cybersecurityawareness #cybersecuritystrategy #oversight #governance #boards #boardofdirectors #cisos #ciso #cco #cro #compliance #cybercompliance #cybersecurityregulations #regulatorycompliqnce #cybergrc #regtech #buckler #securityprofessionals

𝑪𝒉𝒂𝒑𝒕𝒆𝒓 2 𝒐𝒇 𝒕𝒉𝒆 𝒃𝒊𝒈𝒈𝒆𝒓 𝒒𝒖𝒆𝒔𝒕𝒊𝒐𝒏: 𝑨𝒓𝒆 𝒚𝒐𝒖 𝒇𝒖𝒍𝒍𝒚 𝒂𝒘𝒂𝒓𝒆 𝒐𝒇 𝒘𝒉𝒂𝒕 𝒏𝒆𝒆𝒅𝒔 𝒔𝒂𝒇𝒆𝒈𝒖𝒂𝒓𝒅𝒊𝒏𝒈 𝒘𝒊𝒕𝒉𝒊𝒏 𝒚𝒐𝒖𝒓 𝒐𝒓𝒈𝒂𝒏𝒊𝒛𝒂𝒕𝒊𝒐𝒏? Let’s dive into asking the right questions to ensure operational alignment and that your protections align with risks and business objectives. Remember that insurance broker who mentioned that 50% of his clients filed a cyber insurance claim this year? 𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐬𝐨𝐦𝐞 𝐝𝐢𝐬𝐜𝐨𝐯𝐞𝐫𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐬𝐩𝐚𝐫𝐤 𝐦𝐞𝐚𝐧𝐢𝐧𝐠𝐟𝐮𝐥 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧𝐬: ☐ Does the organization have a process to quantify cyber risk? ☐ How does the organization decide the amount of risk it is willing to accept, control, and transfer? ☐ Are there cyber risks the organization currently accepts that could be avoided? (For example, could you avoid certain types of risky technology or data collection if its use does not support organizational objectives?) ☐ Does the organization have a cybersecurity budget and a stakeholder responsible for cybersecurity that is separate from IT? ☐ What cybersecurity or data privacy legal, regulatory, or contractual requirements does the organization need to comply with? ☐ Who is responsible for cybersecurity? Are they in leadership or executive roles? ☐ What is the process for updating the leadership team and/or board about cybersecurity strategy, threats, and risk management? Remember, the "AHA" moment for businesses shouldn't come after the cyber breach... Every business has cyber exposure. Understanding where your vulnerabilities lie is crucial. The real challenge? Identifying the risks before they become costly issues. We can help uncover those risks, assess the threats, and evaluate your exposure and potential business impacts - so you are better prepared before the breach happens. Learn more at: https://hubs.ly/Q02SQyK40 #BetterConnected #DigitalSafety #Leadership #Insurability #RiskManagement #CyberThreats #BusinessProtection #VulnerabilityAssessment

𝑪𝒉𝒂𝒑𝒕𝒆𝒓 2 𝒐𝒇 𝒕𝒉𝒆 𝒃𝒊𝒈𝒈𝒆𝒓 𝒒𝒖𝒆𝒔𝒕𝒊𝒐𝒏: 𝑨𝒓𝒆 𝒚𝒐𝒖 𝒇𝒖𝒍𝒍𝒚 𝒂𝒘𝒂𝒓𝒆 𝒐𝒇 𝒘𝒉𝒂𝒕 𝒏𝒆𝒆𝒅𝒔 𝒔𝒂𝒇𝒆𝒈𝒖𝒂𝒓𝒅𝒊𝒏𝒈 𝒘𝒊𝒕𝒉𝒊𝒏 𝒚𝒐𝒖𝒓 𝒐𝒓𝒈𝒂𝒏𝒊𝒛𝒂𝒕𝒊𝒐𝒏? Let’s dive into asking the right questions to ensure operational alignment and that your protections align with risks and business objectives. Remember that insurance broker who mentioned that 50% of his clients filed a cyber insurance claim this year? 𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐬𝐨𝐦𝐞 𝐝𝐢𝐬𝐜𝐨𝐯𝐞𝐫𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐬𝐩𝐚𝐫𝐤 𝐦𝐞𝐚𝐧𝐢𝐧𝐠𝐟𝐮𝐥 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧𝐬: ☐ Does the organization have a process to quantify cyber risk? ☐ How does the organization decide the amount of risk it is willing to accept, control, and transfer? ☐ Are there cyber risks the organization currently accepts that could be avoided? (For example, could you avoid certain types of risky technology or data collection if its use does not support organizational objectives?) ☐ Does the organization have a cybersecurity budget and a stakeholder responsible for cybersecurity that is separate from IT? ☐ What cybersecurity or data privacy legal, regulatory, or contractual requirements does the organization need to comply with? ☐ Who is responsible for cybersecurity? Are they in leadership or executive roles? ☐ What is the process for updating the leadership team and/or board about cybersecurity strategy, threats, and risk management? Remember, the "AHA" moment for businesses shouldn't come after the cyber breach... Every business has cyber exposure. Understanding where your vulnerabilities lie is crucial. The real challenge? Identifying the risks before they become costly issues. We can help uncover those risks, assess the threats, and evaluate your exposure and potential business impacts - so you are better prepared before the breach happens. Learn more at: https://hubs.ly/Q02SQx4y0 #BetterConnected #DigitalSafety #Leadership #Insurability #RiskManagement #CyberThreats #BusinessProtection #VulnerabilityAssessment

Research from cyber security company Trend Micro highlights a growing tension between chief information security officers (CISOs) and senior enterprise leadership. As organisations understand the critical need for rigorous digital defences in the age of increased cyber threats, CISOs report feeling pressure to downplay cyber risks, while still being held accountable for any security breaches. The research noted an environment of fear surrounding cybersecurity at the highest levels of management. Senior leaders often avoid discussions about digital threats, with 80% of the 1,000 IT and security decision-makers interviewed indicating that boards of directors knowingly downplayed the real risks of cyber threats. This 'head in the sand' approach has often led to CISOs being perceived as nags by the senior management, creating an adversarial rather than collaborative relationship. According to the report, 81% of CISOs felt pressure to release or purchase sub-optimal cybersecurity products due to shareholder and board pressures for quick-fix solutions. The pace of digital transformation in organisations has indeed compounded the problem, with the same percentage of respondents highlighting that cybersecurity solutions are too often left as afterthoughts. This gap between understanding and action has severe consequences, endangering the resilience and reputation of an organisation. A significant majority, 85%, of the respondents said they had to shorten their testing or incident response cycle due to pressure from senior leadership with prioritising time and speed over security. This tension between security leaders and corporate boardrooms is not limited to cyber risk perception alone. Many CISOs also reported feeling isolated, with 79% of them stating they were left out of the corporate decision-making process. This further limits their ability to ensure that cybersecurity is embedded in the initial planning stages of initiatives rather than being tacked on at the end. The study further revealed that blurred lines of responsibility are also contributing to this precarious situation. It highlighted that 90% of companies still hold CISOs responsible for security lapses, despite the fact that they often lack control over strategic, financial, and staffing decisions which can mitigate cyber risks in the first place. Trend Micro's research starkly underlines the need for a more progressive view of cyber risk management, including stronger collaboration between CISOs and senior leadership. It calls for a renewed emphasis on clear lines of responsibility, holistic risk assessment, and embedding a culture of security throughout the business that prioritizes #cyber #safety over short-term commercial gains. Thoughts and Opinions are my own and don't represent Comcast. #iworkforcomcast #comcastbusiness https://lnkd.in/g_GP_zj7

We have extensively spoken as technical audience, how we want to secure enterprises but what does a CEO expects from Cyber Security as they drive business. Taking a gig... may be some CEO audience can comment and suggest if this is inline with what they think: From a CEO's perspective, cybersecurity is a critical aspect of business operations, strategy, and reputation management. In my view, this is how a CEO might view cybersecurity: 1) Risk Management: CEOs see cybersecurity primarily as a risk management issue. They understand that cyber threats pose significant risks to the company's operations, financial health, and reputation. Breaches can result in financial losses, legal liabilities, damage to brand reputation, and loss of customer trust. 2) Business Continuity: CEOs recognize that cybersecurity is essential for ensuring business continuity. They understand that cyber attacks, such as ransomware or data breaches, can disrupt operations, leading to downtime, loss of revenue, and decreased productivity. Therefore, they prioritize investments in cybersecurity measures to minimize the impact of such incidents and ensure uninterrupted business operations. 3) Compliance and Regulations: Increasing number of cybersecurity regulations and compliance requirements imposed by governments and industry bodies. They understand the importance of complying with these regulations to avoid fines, legal penalties, and reputational damage. Therefore, they allocate resources to ensure that the company's cybersecurity practices meet or exceed regulatory standards. 4) Reputation Management: Cybersecurity incidents can significantly impact the company's reputation. They know that customers, partners, and stakeholders expect them to safeguard sensitive information and protect against cyber threats. Therefore, they invest in cybersecurity measures not only to protect data but also to demonstrate their commitment to security and trustworthiness. 5) Competitive Advantage: Cybersecurity is a potential competitive advantage. They understand that customers are increasingly concerned about the security of their data and are more likely to choose companies that prioritize cybersecurity. Therefore, they invest in robust cybersecurity measures to differentiate their company from competitors and gain a competitive edge in the market. 6) Board and Shareholder Expectations: Cybersecurity have now become a board-level issue and that shareholders expect them to address it effectively. They understand that they are ultimately responsible for the company's cybersecurity posture and must keep the board informed. #Cybersecurity #CEOInsights #RiskManagement #BusinessContinuity #Compliance #ReputationManagement #CompetitiveAdvantage #BoardGovernance #CybersecurityCulture #LinkedInCEO #CyberSecurityAwareness #DataProtection #SecurityFirst

The CFO's role in cyber security is greater than you think! Second part to a few post I am working on about the difficulties CISO's have gaining traction at board level. This article from Raconteur | B Corp™ usefully highlights the importance of the relationship between the CFO and the CISO. At its heart both these Chiefs are risk managers. But there can be a disconnect between language, direction and understanding. So what can a CISO do to improve this situation? The article covers several actions which can work to bring the relationship closer: tailoring the language used in conversations, relating cyber security issues into business outputs, shared risk management process and regular meetings. Ultimately enhancing this relationship is going to be of significant benefit to the business. It is not only going to bring security into the heart of the risk management process but also going provide a wider perspective on cyber security investments. Good article Raconteur | B Corp™ ! Now is the time to befriend the CFO! #CEO #CFO #cybersecurity #CISO

(Cybersecurity Dive) The share of technology funds allocated to cybersecurity is also growing. Organizations said they devoted 8% of their technology budgets to cybersecurity in 2023, up from 5% in 2019, according to Moody’s 2023 cyber survey. 🔹 Maintaining a comprehensive and appropriate security posture meets customer demands and cyber insurance requirements, constituencies that form the backbone of enterprise security business models, according to Forrester. 🔹 Security leaders can also use regulatory compliance to their advantage by calculating how much it costs to meet cross-regulatory requirements and how much revenue is generated from each vertical, region or market segment those rules satisfy, according to Forrester. 🔹 Administering a proportional security program is essential. The trick for business leaders is to get the timing right. 🔹 Successful security leaders can inextricably link their department’s efforts and investments to business outcomes, said Jess Burn, principal analyst at Forrester. 🔹 Demonstrating how security investments contribute to revenue in a way that resonates with fellow executives is critical, Burn said. 🔹 The pressure to prove cybersecurity is a profit center rather than a cost center is mounting as CISOs move up the organization chart and security budgets continue to rise as others are cut, Forrester analysts said in an annual security program recommendations report released last month. #cybersecurity #cyber #profitcenter #cybersecurityprofitcenter #cyberstrategy #seniorleadership #financialservices #ria #rias #brokerdealers #insurance #insurancebroker #bga #cyberprogram #cyberprogrammanagement #buckler #regtech #cybergrc #cbyersecurityposture #cybermaturity #ciso #biso #cisos #vciso #securityprofessionals #cco #cro https://lnkd.in/eu_E4CVc

🔒 The power of GRC: How governance, risk and compliance (GRC) can shape the backbone of your security strategy🔒 Here's a summary of a great article written by our Orange Cyberdefense colleague Margarita Sallinen, Security consultant. In today's dynamic cyber landscape, organizations face an ever-evolving array of threats, from traditional phishing attacks to emerging risks like Cyber Extortion and AI-driven breaches. Amidst this complexity, it's crucial to adopt a strategic approach that transcends mere technology deployment. The true strength lies in Governance, Risk Management, and Compliance (GRC) principles, which form a protective "umbrella" safeguarding critical areas such as OT Security and Mobile Device Security. 🔹 Synergy of GRC Principles: While organizations may address these elements individually, their true power emerges when they synergize with each other, aligning harmoniously with business objectives and strategic goals. 🔹 Navigating Complex Threats: GRC principles not only offer comprehensive defense but also provide a strategic framework for mitigating financial and reputational risks. By fostering governance, robust risk management, and stringent compliance measures, organizations can navigate the intricate domain of cyber threats with resilience and confidence. 🔹 Leadership's Crucial Role: Leadership, particularly the Board and C-suite executives, play a pivotal role in integrating GRC principles into the cybersecurity strategy. By championing cybersecurity initiatives and embedding them within strategic planning, they foster a culture of cyber resilience throughout the organization. 🔹 Redefining Cybersecurity Strategy: Instead of solely relying on reactive measures, organizations must embrace a holistic approach grounded in resilience and proactive measures. This entails understanding and implementing GRC principles as a foundational framework for cybersecurity excellence. 🔹 Practical Implementation Tips: To effectively implement GRC principles, organizations should define clear governance policies, conduct cybersecurity risk assessments, stay compliant with relevant regulations, foster a cybersecurity culture, and continuously evaluate and improve their strategies. The journey to cyber resilience begins with embracing the holistic power of GRC principles. By aligning technology with strategic goals and fostering a culture of cyber resilience, organizations can navigate today's cyber challenges with confidence. Read more about this topic and other insights in our Security Navigator 2024 report. Download your copy here: https://lnkd.in/gUBtCtrA Link to the article on our website: https://lnkd.in/etx3Y-ir #Cybersecurity #GRCPrinciples #CyberResilience #Leadership #SecurityNavigator2024 #CISO #CEO #Orangecyberdefense