While the CIO or CISO is immediately responsible for cyber security threat intelligence, the CEO plays a critical role in safeguarding their organization. Just as a CEO has a responsibility to sign off on a marketing campaign from the CMO or review the budget projections from the CFO, the CEO must take an active interest in the cyber security operations. The success or failure of the organization depends on it.
Here's why chief executives need visibility into the cyber security risks the company faces—and how they can get it.
Cyber security is a business challenge
A cyber attack isn't just an IT problem; it's a business problem. A major attack can halt operations, tarnish brand value, destroy productivity, harm customers and leave the company exposed to massive fines, lawsuits and remediation costs. More than any competitor, a cyber attack is the largest threat to almost every business.
Because cyber security affects every facet of the business, the CEO is perfectly positioned to ensure the organization has the appropriate level of threat intelligence to make sure it's being treated as a priority throughout the organization.
To make it a priority, the CEO and other C-level executives must first have cyber security threat intelligence visibility. This doesn't mean executives need to get their hands dirty installing software patches, putting in firewalls or hunting down hackers. However, they do need to be able to understand, at a glance, their organization's security posture in a way that helps them make intelligent decisions about what security investments they can take to protect their business.