Intelligent CIO LATAM Issue 18 - Page 33

EDITOR ’ S QUESTION
DIEGO VARGAS , DIRECTOR , KROLL
COLOMBIA

In recent years , we have seen enormous advances in the Digital Transformation of organizations , which has increased the challenges and risks to overcome in the economy recently . Just as new technologies are rapidly evolving to increase the effectiveness and efficiency of operations , creating significant challenges for companies to stay ahead of the curve , so are cyber risks and threats growing in scale and sophistication .

Cyber risk has become a major concern for organizations . The Allianz 2022 Risk Barometer shows it as the most significant risk in the last year due to the increase in digitalization and remote working driven by the COVID-19 pandemic .
Information hijacking ( ransomware ), data leakage and disruption of IT services are the most significant threats companies face that can directly affect their operations or the supply chain when suppliers are involved .
The challenge is to keep adequate capabilities to protect critical information and technology assets , commonly known as the ‘ crown jewels ’.
emphasis must be placed on people , as they are the most critical point inside and outside the organization .
The big challenge facing the CIO is to achieve a crossorganizational approach that helps non-IT managers understand their roles in cyber risk management . This approach also allows IT managers to work more closely
The CIO becomes a vital change agent within organizations , taking the lead in breaking the organizational paradigm where cyber-risks are exclusive to the technology area .
At this point , the CIO becomes a vital change agent within organizations , taking the lead in breaking the organizational paradigm where cyber-risks are exclusive to the technology area and begin to have relevance at all levels within the enterprise . with managers in the organization . The management side understands and permanently includes the legal , financial and compliance implications of cyber risk on their agenda .
The CIO must be a leader who helps the entire organization , from top management to the most fundamental operational and support levels , understand that cyber-risks affect the business and require joint solutions across the organization . But more
The leadership of the CIO and his relationship with people at all organizational levels is critical to helping organizations address the new risks and challenges created by the evolution and implementation of new technologies .
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