{"id":15294,"date":"2021-03-15T19:16:45","date_gmt":"2021-03-15T13:46:45","guid":{"rendered":"https:\/\/cigniti.com\/blog\/?p=15294"},"modified":"2023-12-19T17:10:02","modified_gmt":"2023-12-19T11:40:02","slug":"cxos-modern-cybersecurity-practices","status":"publish","type":"post","link":"https:\/\/www.cigniti.com\/blog\/cxos-modern-cybersecurity-practices\/","title":{"rendered":"Why CxO\u2019s Must Embrace Modern Cybersecurity Practices"},"content":{"rendered":"

To stay ahead in business, digital customer experience transformations have become mandatory. Cutting-edge digital experiences across every device are every customer’s need of the hour.<\/p>\n

To fulfill their digital transformation requirements, enterprises are leveraging technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT). They are implementing Design Thinking and Lean approaches.<\/p>\n

While digital transformations are imperative, they do not come without a risk. New digital processes produce humongous data and generate a dizzying array of cybersecurity<\/a> risks.<\/p>\n

Consequently, it will be wise for any enterprise embarking on the digital transformation of their customer experience to have cybersecurity as an integral part of their culture.<\/p>\n

According to John A. Wheeler<\/em><\/strong>, Senior Director Analyst at Gartner<\/em><\/strong> Research & Advisory, \u201cBy proactively assessing risk appetite and the value of the desired business outcome, Chief Information Officers\u2019 (CIO\u2019s) and Chief Information Security Officers\u2019 (CISOs) can transform digital risk management into a competitive advantage.<\/em><\/strong>\u201d<\/p>\n

Digital business has created a new ecosystem where partners add new business capabilities and security complexities.<\/p>\n

For the business to move forward, there is a need for CISOs to strike a balance between what is needed in a security program and the risks to undertake. There may be missed opportunities if this balance is not meted out.<\/p>\n

Gartner<\/em><\/strong> states, \u201cBy 2023, 30% of chief information security officers\u2019 (CISO\u2019s) effectiveness will be directly measured on the role\u2019s ability to create value for the business<\/em><\/strong>.\u201d<\/p>\n

CxOs must strategize the need to reinvent security. While we move to the new decade, it is the perfect time to assess potential threats and take stock of the current security structures.<\/p>\n

To develop flexible approaches that avoid current limitations, identify business-relevant objectives, and take a fresh look at security management.<\/p>\n

There is a need for CIOs and CISOs to drive security investments that directly impact business outcomes and engage executive decision-makers to change how cybersecurity<\/a> is treated in the organization.<\/p>\n

According to Paul Proctor<\/em><\/strong>, VP Analyst, Gartner<\/em><\/strong>, \u201cThe stories we\u2019ve seen during the COVID-19 outbreak are the latest example highlighting the failed approach to cybersecurity many organizations take. While executives were focused on ensuring compliance and stopping hackers, simple opportunities like enabling secure remote access technologies, which have a much larger business impact, were ignored. Now, organizations are scrambling to catch up<\/em><\/strong>.\u201d<\/p>\n

Address failing cybersecurity approaches<\/h2>\n

An ineffective approach to cybersecurity often leads to bad investments and poor decisions.<\/p>\n

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A few challenges that limit cyber security’s impact on business, as put forth by Gartner \u2013<\/p>\n