Intelligent CIO Africa Issue 29 | Page 15

LATEST INTELLIGENCE COUNTERING ESCALATING CYBERTHREATS WITH A NEW SECURITY ARCHITECTURE PRESENTED BY Leveraging next-generation network packet brokers can deliver business as well as security benefits. Chief information security officers (CISOs) and other information security executives increasingly find themselves in the line of fire, and not just from cyberattackers. These security professionals are being bombarded with escalating demands and expectations from CEOs and corporate boards who find their digitally dependent organizations at significant risk from a wide varietyof cyberthreats. For enterprises, the average financial loss for a single cybersecurity event was $884,000 in 2017, up from $471,000 in 2016. – 2017 U.S. State of Cybercrime Survey. The rapid emergence of cybersecurity as a critical business concern has thrust CISOs and their infosec teams into the spotlight. On the bright side, this new prominence gives security executives the opportunity to play roles that are more strategic and impactful within their organisations. Conversely, CISOs who do not fully grasp the broad range of business objectives being pursued by the C-suite – objectives both within and beyond the security real – risk being marginalized and may struggle to succeed. The growing volume and diversity of cyberattacks aren’t the only factors driving the rise of cybersecurity’s strategic importance. Also at play is a rising recognition that cybersecurity is more than a discrete and isolated IT function. CISOs focused only on protecting data, repelling attackers, and providing other IT defenses are missing the bigger business picture. n Download whitepapers free from www.intelligentcio.com/me/whitepapers/ www.intelligentcio.com INTELLIGENTCIO 15