CFO’s Role in Cybersecurity- Part 1

Dateline: November 3, 2017

Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend.

In a few weeks, I’ll be moderating a session on cybersecurity at the MIT CFO Summit.  This prompted me to dig deeper into the CFO angle of cybersecurity.  What does a CFO need to know and Is there a specific CFO role in cybersecurity (other than that of every employee–to be a good organizational citizen and follow the best practices to keep the company’s assets secure).  The next few weeks, this blog will explore a few issues that surfaced from this research.

An interview with Steffan Tomlinson, CFO of Palo Alto networks was published by Forbes.  The article, Why Cybersecurity Should Be the CFO’s Job, briefly describes the importance of a good technology foundation:

At Palo Alto Networks, we view the cybersecurity challenge, in part, as a math problem. As the cost of compute power goes down, the number of attacks and breaches goes up. An automated, integrated next-generation security platform that secures a company’s data in the network, endpoint and cloud is an essential starting point to increase the cost for an attacker to successfully breach an organization and, thereby, discourage the attacker to continue their efforts.

Does your organization have a robust security platform?  How do you evaluate if it’s sufficient?

That’s a WRAP!  Have a great weekend!

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