When you think of the key members of the C-Suite, you probably think of the usual characters: CEO, CFO, COO, and probably no CMO. Each of these roles is broadly defined:
The CEO controls the strategy and ultimately answers the board; CFO manages budgets; CMOs get people to buy more and more; The COO runs everything smoothly. Regardless of the role, everyone shares the same objective: maximizes shareholder values. However, the age of the information is shaking the composition of the C-suit. The cyber market is exploding in an effort to secure modern innovation:
With multicloud environments, generating and storing data faster than anyone and SAS applications strengthening virtually every function across org, new types of security approaches also match that trend. Whatever the driver, all of this adds to the fact that cyber strategy and company strategy are linked for free.
As a result, the Chief Information Protection Officer (CISO) in C-Suite will be as common and influential as CFOs in maximizing shareholder value. It was in the early 90s. A bank heir is a hacker from St. Petersburg and New York City offshore bank account. Although it seems to be a synthesis of the latest psychological thriller, it is in the context of the first CISO recruitment in 1994.
A Russian hacker stole $10 million from City clients’ accounts by typing on a keyboard in a dimly lit apartment across the Atlantic. Security executive Steve Katz was barred from responding to the crisis by joining the City as part of the City-Suite from JP Morgan his surname?
Upon joining, he was told two critical things: first, he would have a blank check to set up a security program to prevent it from happening again, and second, Citi would promote the hack a month after it started. Over the next few months, Katz flew over 200,000 miles, visiting corporate treasurers and finance chiefs to reassure them that their funds were safe.
Although the inspiration for the first CISO was the successor to a literal bank, today the CISO has stolen in $10 million in comparison to that responsible for the security.
