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A review of the executives pages published by the 2022 list of Fortune 100 companies found only four — BestBuy , Cigna , Coca-Cola , and Walmart — that listed a Chief Security Officer (CSO) or Chief Information Security Officer (CISO) in their highest corporate ranks. Nor is the average pay hugely different among all these roles.
According to a 2022 databreach report from Verizon, the retail industry reported 629 incidents in 2022, 241 of which had “confirmed data disclosure.” They earn and handle tremendous amounts of money, store millions of customer credit card numbers, and have frontline staff who may lack cybersecurity training.
CSI), followed by databreaches (23%), ransomware (20%) and a breach at a third party (15%). US financial institutions see peer-to-peer fraud and other digital fraud as the biggest cybersecurity concern in 2023. It was cited by 29% of respondents in a survey by Computer Systems Inc.
Third-party risk rises as a factor in breaches: Verizon DBIR 2025 Verizons latest annual DataBreach Investigations Report (DBIR) shows some concerning trends with a sharp escalation in global cyberthreats. Verizon itself noted a recurring theme of the role that third-party relationships play in breaches.
Imagine your company experienced a major databreach, but instead of notifying the appropriate parties and taking necessary actions, you were instructed to keep it quiet! More than half (55%) of the respondents to the Bitdefender study expressed concern that their company would face legal action due to a breach being mismanaged.
By spearheading cybersecurity programs, CISOs empower organizations to fend off cyberthreats from criminal enterprises, insider risks, hackers, and other malicious entities that pose significant risks to operations, critical infrastructure, and even national security. RELATED: Uber CSO Found Guilty: The Sky Is Not Falling.
A databreach can result in catastrophic consequences for any organization. Ensuring that your IT environment is safe from cyberthreats can be a real challenge. The CIS Controls are a prioritized set of actions that mitigate the most common cyber-attacks. They translate cyberthreat information into action.
Utilize real-world examples, case studies, and industry benchmarks to drive home the importance of investing in cybersecurity defense and creating a culture where everyone plays a role in protecting the organization from cyberthreats. Vulnerability assessments highlighting areas where your organization’s defenses may be lacking.
And the recent clarifications—focusing on material cybersecurity incidents—is a step in the right direction," said Glenn Kapetansky , CSO, Trexin Group. "In As cyberattacks and databreaches continue plaguing businesses, the SEC has made cybersecurity disclosure an area of increased focus.
Conversely, if a CISO is to be held accountable in the same manner as a CFO or General Counsel concerning matters of investor confidence, the executive contours of the CISO role should be revisited to ensure that it has sufficient authority, agency, and institutional backing to defend data assets as a fiduciary."
cybersecurity M&A deals hit 151 in the first three quarters of 2021, compared to 80, 88 and 94 in 2018, 2019 and 2020, respectively, according to data from 451 Research. According to CSO, 2021 shaped up to be an active year for mergers and acquisitions in the cybersecurity industry. In fact, the volume of U.S.
According to recent research over 60 percent of survey participants stated their executives are only “somewhat” or “not at all” informed about the information security risk and threats their organizations face. ” In an age where databreaches crowd the daily headlines, lack of awareness is no longer an excuse for executives.
Dimitri Chichlo , CSO, BforeAI Chichlo Our networks remain fragile because of interdependence and the assumption that technology always works. Moving forward, organizations need to both defend against increasing cyberthreats and optimize business response to disruptions, including having the capacity to revert swiftly to manual processes.
Nation-State CyberThreats. Details: We discuss the "Big Four" nation-state bad actors and the cyber attacks they are capable of. Tracking COVID-19 CyberThreats. Featured interview: Myla Pilao of the Trend Micro Threat Research Team, which tracks more than 5 billion threats daily.
Examples of this include keeping software up to date, backing up data, and maintaining good password practices. At the end of the day, lack of education and human error are two of the largest contributors to databreaches. By acting smart now, we can eliminate some of the greatest cyberthreats facing our businesses today.”
Additionally, the use of customisable ransomware-as-a-service (RaaS) platforms is now mainstream, enabling even novice threat actors to launch professional-level attacks. Insider Threats as a Growing Concern Insider threats represent one of the most underestimated vectors in this evolving landscape.
Zero Trust’ is a kind of corporate policy that helps in preventing successful databreaches by weeding out the factor of ‘Trust’ from the corporate network architecture. David McKeown, the DoDs CSO, has confirmed the news and added that a CIO will lead the office, followed by a yet to be named senior executive/s.
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