CEOs and CFOs are more involved in security policy decisions


I recently read the article, Security Moves Center Stage, which highlights the results of Information Week’s 2011 Strategic Security Survey. To my surprise, the survey finds that CFOs and CEOs are getting more involved in security policy decisions and spending.

As a CEO or CFO, you should be able to answer the following questions:

  • How vulnerable is your data to an attack?
  • If your network or systems goes down, how much money can you potentially lose?
  • What are your cyber liabilities?
  • What is your exposure if your organization suffers a large financial loss due to a security breach?

Security-related risks are increasing daily and no company is immune. Businesses of all sizes face threats to the security of their information technology systems and sensitive information, and a security breach can result in irreversible damage to a company’s finances and reputation. If you were unable to answer the questions above, it might be time to call an information security professional to help you ensure that your information security policies are properly designed and operating effectively.

Jorge Rey, CISA, CISM, is a Cybersecurity & Compliance Principal at Kaufman Rossin, one of the Top 100 CPA and advisory firms in the U.S.

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