6 Reason’s CFO’s need to be involved in Cyber Security
- Security threats will continue to be a major business disrupter
- Despite years of effort and billions in spending each year, companies are still not adequately protected against cyberattacks.
- Board of Directors are holding CFO”s responsible for the financial impact of cyber threats
- CFO’s are greatly impacted by loss of funds through theft or a hit to the company’s reputation
- CFO’s advise their organization’s CEO regarding how to financially justify any changes to their way of doing business.
- 74% of CFOs say cyber security is a top priority
As a company’s financial leader, CFO’s should be asking these questions:
- How confident are you in the security of your data, intellectual property, applications, footprint, end-points, etc.?
- How confident are you in preventing rogue access points into your secure infrastructure?
- Are your efforts in preventing cyber security hacks not enough?
- What is your organization’s appetite for risk?
- Do you know how to calculate your organization’s Risk vs Reward profile?
- If a cyber attack is successful, what is the potential damage to your organization’s brand?
- Are not asking these questions.
- Are currently searching to buy cyber security liability insurance.
- Are not satisfied with your current cyber security hack re-imbursement history of your current cyber security liability insurance program.
- Want another opinion.
- Are interested in further discussion and investigation into this area of concern.
You may also take a brief IT / Security Survey to provide us additional information to help you become more confident in your security approach.
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