The US Government has declared this October is the National Cyber Security Awareness Month (NCSAM).
The aim of this campaign is to:
• Promote cyber security awareness amongst citizens and businesses
• Educate individuals and businesses through a series of events and initiatives
• Raise cyber awareness and increase the resilience of the nation in the event of a cyber incident
Cyber security is not just about protecting your critical assets, it can also help improve your internal systems and help you win new business.
Make October YOUR Cyber Security Month with these essential reads:
It’s a scenario that every small online business fears: site security is compromised, hackers steal customer data including credit-card details, and your brand and your reputation are left in ruins. No wonder then, that many small online businesses are looking to insure against hackers and the resulting financial impact of a security breach. But is insurance really the answer and could it even be part of the problem?
The insurance brokers are, naturally, presenting such insurance as pure common sense. A chap who works in the insurance business used car insurance as a counter argument to my suggestion that surely the best IT security insurance policy was to remain secure in the first place.
“We all appreciate the need for car insurance” he told me. “No matter how careful a driver you may think you are. The simple fact is that you never know when a drunken idiot is going to crash into you”.
The argument being, as with all insurance policies, you are paying a premium to cover you for that worst-case scenario should it ever happen. “When it comes to online security,” Mr Insurance assured me, “the chances of the worst-case scenario becoming a reality are increasing day by day, as criminals develop ever more sophisticated methods of hacking your site. To not insure against the risk of being hacked is bad business, and that’s the bottom line”.
“Unlike driving a car, running a secure web business is pretty much about how safe you are, rather than how unsafe other people are”
CISOs can and should push back when they’re presented with budget costs that affect the business. Here’s how.
Today’s enterprise security executives face situations that could really hurt the company’s bottom line. Security teams are trying to modernize security operations in an increasingly porous network environment with ever more sophisticated threats. There are also economic pressures from layoffs, budget cuts, and restructuring.
Even worse, CFOs have heard from CISOs the doom-and-gloom predictions of the potential fiscal disaster of data breaches so often that it’s no longer resonating with them.
The doomer scenario is not hypothetical — global compliance requirements and privacy regulations drive the cost of a breach even higher than just the technical costs. However, CFOs and other C-level executives have heard these warnings so often now that it’s just background information that doesn’t drive their decision making.
Is there a more effective way to help the CFO understand why security needs to be far better funded? Yes: Present the CFO with a shared-risk scenario.
Setting Protection Priorities
Allan Alford, who was a CISO in various industries including technology, communications, and business services before morphing into a CISO consultant, says CISOs should use a different approach to describe cybersecurity issues to the CFO. They should begin by asking the CFO to identify the six most important strategic elements of the business — possibly including the supply chain, manufacturing operations, sensitive future product plans, etc. — then detail their plans for protecting each of those critical areas, Alford says.
The CISO can present the situation to the CFO in the following manner: “Thanks for sharing those priorities. Now, you are saying we need to cut the security budget by 37%. Given the state of the economy in our sectors, that is completely understandable. To make the cuts possible, can you tell me which of these six areas I should stop protecting? We will also need to bring in the line-of-business executive so that you can explain how these changes will impact that area.”
Historically, CISOs, CSOs, CROs, and other security-adjacent executives have been good soldiers, accepting the CFO-ordered cuts and deciding where changes have to be made, Alford says. This conflicts with the CISO’s job: to protect the company — including all intellectual property and all assets.
If the CFO decides to cut back security funding, they need to work with the COO, the CEO, the board, and other senior executives to decide which operations they can afford to not protect. It should not be left to the CISO to make those calls or defend the choices.
In fairness, the decision is rarely black-and-white. But if the CISO positions the budget decisions in this manner, the CFO will see the actual business impact the reductions would have. When the CFO is forced to decide where the cuts will happen and to choose which top-priority division is left undefended, the conversation shifts, Alford says. The CISO can say to the CFO, “We’ll jointly figure out what risks are tolerable, but make no mistake: A 37% cut will put various units at extreme risk. Can the business afford that deep a cut in our defenses?”
The CISO can present cost-effective alternatives to reduce security defenses, rather than eliminating them entirely. Now there is the possibility of negotiating a smaller budget cut. Maybe that 37% cut becomes a 23% cut.
Negotiating as a Group
The conversation shouldn’t begin and end with the CFO, says Daniel Wallance, an associate partner with McKinsey. It should involve the board’s risk committee, the CEO, the COO, and other colleagues who have a role in security spending, such as the CIO and the CRO.
“There is also spend coming from risk management [and] compliance on top of IT. I would engage those functions, as they have shared [security] responsibility and they may actually have dedicated resources,” Wallance says. “I need this to not be a one-on-one conversation. I want to make it a group.”
These conversations with other security executives should happen before and after the CFO meeting, but not during.
The CISO needs to meet with the other security players before meeting with the CFO to learn what overlaps and redundancies currently exist. The CISO also needs to know how much budget flexibility those other executives are willing to offer. That will be crucial information to have while working with the CFO. After meeting with the CFO, the CISO can go back to the other executives and see what they can negotiate as a group.
The actual CISO-CFO meeting should be just the two executives, to avoid making the CFO feel ganged up on. The discussion should be as friendly as possible to allow for reasonable compromises.
Involving the board’s risk committee is critical, as it is ultimately the board’s role — working with the CEO — to dictate the company’s risk tolerance. If the CFO’s requested budget reductions conflict with that risk tolerance, the board needs to know about it.
“The CISO should be meeting with the risk committee regularly,” Wallance says. “The business may not understand the implications of the budget cut. The CFO is not the only person at issue here.”
Adapting to Market Conditions
Larger trends in the economy also affect CISO budgetary needs.
There is a realistic existential threat to cyber insurance, the net that CFOs have relied on for more than 20 years. Lloyds of London said that it would stop covering the losses from state actor attacks, which is problematic given how difficult it is to prove an attack’s origin and who funded it. Insurance giant Zurich warned it might abandon cyber insurance entirely. And an Ohio Supreme Court decision raised the prospect of other cyber insurance limitations. Those changes could sharply increase the pressure on the CFO to better fund security, given that the enterprise will now be on the hook for the full amount of damages.
A complicating factor is the much-ballyhooed cybersecurity talent shortage. Whether the gap is as big as some say, it’s true that the cost of talent today is higher than what most budgets allow. So, yes, you will have difficulty finding qualified people, but increase the salary enough and, poof — no more talent shortage.
Richard Haag, the VP for compliance services at consulting firm Intersec Worldwide Inc., maintained that the difficulty in acquiring sufficiently experienced talent is a powerful argument in those CFO discussions.
“[I]n security, labor is about the only thing that can possibly be cut. You can’t just swap out firewalls. These agreements are locked in,” Haag says. “You need to say ‘I can barely protect your top strategic areas now. With the cuts you want, I simply won’t be able to defend your top targets and certainly not your not-so-top targets. I need more people, certainly not fewer people.'”
Alford also suggests the CISO point out how they negotiate lower vendor costs. Document it and share it with the CFO to demonstrate that the budget is being spent wisely.
“Demonstrate your efficiencies by driving vendor discounts as low as you can get them to go. CFOs want to know the money is being well spent, and ‘we got a heck of a deal’ does that well,” Alford says.
Finally, the CISO can also make the case for better security delivering more revenue. Does higher security investment make prospective customers more comfortable? Is lack of security making some existing customers leave? For example, if a financial institution chooses to reimburse customers in all fraud situations — rather than what most FIs do, which is to only reimburse in some situations — it could boast that its customers are better protected against fraud, prompting customers to leave competitors. That move would justify higher cybersecurity spend because of the greater acceptance of fraud costs.
“If you can shorten that sales cycle and prove that security gained more sales, it can be highly persuasive to CFOs: ‘Today, three customers walked away, but tomorrow none will,'” Alford says.
Just under a year ago, the US arm of telecomms giant T-Mobile admitted to a data breach after personal information about its customers was offered for sale on an underground forum.
At the time, VICE Magazine claimed to have communicated with the hacker behind the breach via online chat, and to have been offered “T-Mobile USA. Full customer info.”
VICE’s Motherboard reporters wrote at the time that:
The data include[d] social security numbers, phone numbers, names, physical addresses, unique IMEI numbers, and driver licenses information, the seller said. Motherboard has seen samples of the data, and confirmed they contained accurate information on T-Mobile customers.
IMEI is short for International Mobile Equipment Identity, a globally unique serial number burned into your phone when it’s manufactured. Because the IMEI is considered a “non-resettable identifier”, apps on both Android and iOS are restricted from accessing it unless they have been granted special device management privileges, and developers are instructed to rely on user-resettable identifiers such as advertising IDs when legitimately tracking users and devices. You can view your phone’s IMEI by dialling the special phone number *#06#.
Reuters reports that T-Mobile has agreed, in a US federal court in Missouri, to make $350,000,000 available for what are known in America as class-action settlements.
Class actions involve individuals, who would otherwise need to sue individually for impossibly small amounts, banding together with a team of attorneys to bring lawsuits that combine their individual complaints.
Part of the $350 million mega-settlement, says Reuters, is up to $105,000,000 (30% of the total amount) for the lawyers, leaving a slightly less dramatic $245 million for the individuals who joined the suit.
Apparently, more than 75 million people were affected in the breach, though with the standard payout listed by Reuters as $25 per person, it looks as though fewer than 10 million of them decided to sign up to be part of the legal action.
According to Reuters, T-Mobile will also commit to spending “an additional US$150 million to upgrade data security”, bringing its total settlement pledge to half-a-billion dollars.
In return, T-Mobile doesn’t have to admit guilt, so this isn’t a fine or a criminal penalty – it’s a civil agreement to settle the matter.
The settlement still needs approval from from the court, something that’s expected to happen by the end of 2022.
Cyber Insurance counts in a big Data Breach like this, may even be business limiting factor if you don’t have enough coverage.
The dilemmas organizations must deal with are dizzying:
To pay a ransom or not?
Will cyber insurance provide adequate shelter?
What’s the role of government?
Are new mandates and penalties on the horizon?
How are adversaries evolving their tactics?
To make sense of it all, let’s first focus on the adversaries and their playbook. Cyber criminals have a well-developed business model and carefully contemplated financial calculus of ransomware. They have determined whether they will launch a direct attack to maximize profits or offer Ransomware-as-a-Service, complete with a help desk and other support services, to supplement their income while enabling malicious actors with less technical skill.
They have researched their victims and targeted organizations based on their ability to pay. All these tactics are developed and executed in concert to make paying the ransom the path of least resistance – financially and logically.
Every aspect of a ransomware campaign is calculated to elicit an emotional response from the target such that it is easier to pay the ransom than to bear the costs and delays of trying to recover on their own.
Any data you look at shows that the scale of ‘Internet evil’ increases every year. The economic impact of cyber crime now exceeds $1.1 million per minute. This is a major corporate risk, irrespective of organisational size, and cyber insurance is an inadequate response – insurers will not pay out where you have been negligent.
The EU’s GDPR (General Data Protection Regulation) makes the tests for negligence pretty clear: absence of accountability, insufficient corporate governance and countermeasures that do not adequately respond to the frequency and virulence of today’s attacks.
In an environment where four potentially vulnerable web components are discovered every minute, an annual penetration test is only slightly better than not bothering at all. We run penetration tests about once a month; you should be doing them at least quarterly. However, even if you do this, you need to recognise that purely technical responses have limited benefits. Staff are the weakest of your links, particularly as phishing and ransomware attacks get smarter every day. And your supply chain may increasingly be your attackers’ fastest route into what passes for your secure environment. Staff awareness training only every year or two would be desperately short-sighted.
We’re going to see more and more organisations reporting data breaches – it’s now an offence to not report one, and you can be punished with significant fines. The costs don’t stop there. After you report a breach, and undergo investigation, fines and reputational damage, you still have to spend the money to get secure. It therefore probably works out less expensive in the long run to make comprehensive cyber security investments before you are breached (assuming that you haven’t already been breached, and you just don’t know it yet).
This spike was driven primarily by the increasing frequency of attacks targeting vulnerabilities on unpatched systems and devices (zero-day vulnerabilities) by ransomware actors. The MOVEit software breach was one of the largest drivers of these cyberattacks, first in the education sector and later spreading to finance and insurance industries.
“The exploitation of zero-day vulnerabilities by ransomware actors remains a persistent threat to safeguarding enterprises,” said Chris Novak, Sr. Director of Cybersecurity Consulting, Verizon Business.
In a possible relief to some anxieties, the rise of AI was less of a culprit vs challenges in large-scale vulnerability management. “While the adoption of artificial intelligence to gain access to valuable corporate assets is a concern on the horizon, a failure to patch basic vulnerabilities has threat actors not needing to advance their approach,” Novak said.
Analysis of the CISA Known Exploited Vulnerabilities (KEV) catalog revealed that on average it takes organizations 55 days to remediate 50% of critical vulnerabilities following the availability of patches. Meanwhile, the median time for detecting the mass exploitations of the CISA KEV on the internet is five days.
“This year’s DBIR findings reflect the evolving landscape that today’s CISO’s must navigate – balancing the need to address vulnerabilities quicker than ever before while investing in the continued employee education as it relates to ransomware and cybersecurity hygiene,” said Craig Robinson, Research VP, Security Services at IDC. “The breadth and depth of the incidents examined in this report provides a window into how breaches are occurring, and despite the low-level of complexity are still proving to be incredibly costly for enterprises.”
Last year, 15% of breaches involved a third party, including data custodians, third-party software vulnerabilities, and other direct or indirect supply chain issues. This metric—new for the 2024 DBIR — shows a 68% increase from the previous period described in the 2023 DBIR.
The human factor remains the primary entry point for cybercriminals
68% of breaches, whether they include a third party or not, involve a non-malicious human element, which refers to a person making an error or falling prey to a social engineering attack. This percentage is about the same as last year. One potential countervailing force is the improvement of reporting practices: 20% of users identified and reported phishing in simulation engagements, and 11% of users who clicked the email also reported it.
“The persistence of the human element in breaches shows that there is still plenty of room for improvement with regard to cybersecurity training, but the increase in self-reporting indicates a culture change that destigmatizes human error and may serve to shine a light on the importance of cybersecurity awareness among the general workforce,” Novak added.
Other key findings from this year’s report include:
32% of all breaches involved some type of extortion technique, including ransomware
Over the past two years, roughly a quarter (between 24% and 25%) of financially motivated incidents involved pretexting
Over the past 10 years, the Use of stolen credentials has appeared in almost one-third (31%) of all breaches
Half of the reaches in EMEA are internal
Espionage attacks continue to dominate in APAC region
“The Verizon 2024 Data Breach Investigations Report shows it’s the still the basics security errors putting organizations at risk, such as long windows between discovering and patching vulnerabilities, and employees being inadequately trained to identify scams. This needs to change as a priority because no business can afford to gamble or take chances with cyber hygiene. Just look at Change Healthcare, the breach was executed via an unsecured employee credential and the organization is now facing over a billion in losses. No other organisation wants to find itself in this position,” William Wright, CEO of Closed Door Security, told Help Net Security.
The term “digital trust” has gained traction in the business landscape, but many people hear “digital trust” and equate it to avoiding cybersecurity incidents.
In reality, security leaders hold a significant role in this mission, but building digital trust requires much more than a high-performing security team.
Viewed in this broader sense, digital trust is defined by ISACA as the confidence in the relationship and transactions among providers and consumers within the digital ecosystem, including the ability of people, organizations, processes, information and technology to create and maintain a trustworthy digital world.
Customers expect a reasonable degree of digital trust from every organization with a digital footprint – at least the ones with which they will be willing to do business. Although they might not consciously frame it in these terms, these fundamental elements of digital trust serve as the foundation upon which consumers base their judgments about an enterprise’s trustworthiness:
Quality: Quality must meet or exceed consumer expectations.
Availability: Consumers need to be able to access accurate information in a timely manner.
Security and privacy: Consumers need assurance that their data and information are safe and protected.
Ethics and integrity: Enterprises should live up to their promised values.
Transparency and honesty: Consumers should be informed about how their information is being used. If personal information has been compromised, consumers should know how the enterprise is addressing the current situation and preventing it from happening again.
Resiliency: Enterprises must provide assurances that they are stable and can withstand adverse circumstances while simultaneously evolving to leverage new technologies and advancements.
Although commonly associated with cybersecurity, digital trust extends far beyond that realm. It can be thought of as the invisible thread that establishes a common goal and focus among several distinct organizational roles.
Within the domain of security, one question that often arises is whether zero trust equates to digital trust. The answer is no, however, zero trust can be used as a technique to reach digital trust. It is a building block or a thread that is woven throughout the digital trust ecosystem. Digital trust allows individuals and businesses to engage online with confidence that their data and digital identity are safeguarded.
Implementing zero trust processes contributes to the protection of such information.
In the context of the modern business environment, how well companies manage customers’ data and the extent to which they can securely and responsibly implement emerging technology are key steps toward delivering digital trust.
Trust: The Core of All Interactions
Throughout human history, trust has formed the fundamental basis of nearly every human interaction we experience. This significance is particularly pronounced in our rapidly evolving, digitized world, where multiple parties frequently do not have in-person interactions to exchange the sensitive and confidential information necessary for transactional purposes.
Therefore, every interaction must reinforce that the organization cares about – and has instituted effective practices in – all areas of digital trust.
Trust is not a one-time achievement; it must be consistently earned, effectively communicated and actively reinforced. This creates a fertile environment to conduct business, which in turn fuels innovation, drives economic expansion and, ultimately, generates value for all parties engaged in the interactions. Trust becomes the bedrock upon which successful and mutually beneficial relationships are built.
Edelman, which has studied trust for 20 years, puts it this way: “Trust is the foundation that allows an organization to take responsible risk, and, if it makes mistakes, to rebound from them. For a business, especially, lasting trust is the strongest insurance against competitive disruption, the antidote to consumer indifference, and the best path to continued growth. Without trust, credibility is lost and reputation can be threatened.”
Consider any consumer-driven sector and you’ll likely recognize the significant advantage that major, well-known brands have due to the trust they have painstakingly cultivated with customers. Think about how frequently you have been willing to pay a higher price for a purchase because you trust the provider to deliver on their promises, especially when compared to various competitors with less established reputations.
This trust factor often becomes a compelling driver of consumer choices, reflecting the value of a well-earned reputation for reliability and quality.
A digitally trustworthy organization understands the importance of upholding customer trust. Digital trust must be instilled throughout the organization, and initiatives should be built with digital trust in mind. This trust accrues over time. Establishing digital trust is an ongoing process that involves the continuing efforts not only regarding the creation but the maintenance of the larger ecosystem.
“Digital trust is the logical progression on the digital transformation path”
The Business Benefits of Digital Trust
Digital trust is the logical progression on the digital transformation path – in fact, three quarters of respondents to ISACA’s State of Digital Trust 2023 research indicate that digital trust is very or extremely important to digital transformation.
As businesses undergo digital transformation, customer expectations are evolving accordingly. While IT plays a pivotal role in this transformation, the shift toward prioritizing digital trust is largely being driven by businesses to benefit businesses.
Given its paramount importance to consumers and overall brand reputation, digital trust should be a central consideration across all facets of an enterprise. According to the State of Digital Trust research, the top benefits of digital trust include a positive reputation, fewer privacy breaches, fewer cybersecurity incidents, more reliable data, stronger customer loyalty, faster innovation and higher revenues.
With a list of benefits this impactful, digital trust should command the attention of boardrooms across all industries and geographies.
Digital trust involves all of us as stakeholders – including security leaders responsible for preventing data breaches that undermine trust, IT professionals who support information and systems integrity, marketing professionals who champion and promote an organization’s brand, and third-party providers upon whom the organization is reliant.
Digital trust serves as a significant catalyst for consumers’ decisions which will ultimately manifest – for better or worse – in a company’s financial performance.
Leadership’s Responsibility in the Trust Ecosystem
Leadership plays a crucial role in establishing digital trust through a concerted, organization-wide push. As with most elements that dictate a company’s success, leadership matters.
Everyone in the organization has a role in building and maintaining digital trust, but the responsibility for setting the direction and governance needs to start with senior executives.
Organizational leaders set and communicate the culture, priorities and expectations of digital trust through policies and structures, which are disseminated throughout the organization. From a governance perspective, either the full board of directors or a board committee needs to be given responsibility for governance and oversight of digital trust.
It is critically important that a focal point is created for the management team to provide updates on the advancement of digital trust to the board, similar to the practices of cybersecurity or IT audit teams. In doing so, a connection point is established for the management team to report in on digital trust progress at the board level, much like how cybersecurity or IT audit teams operate.
A Digital Trust Executive Council is a valid option to ensure proper direction and control over digital trust efforts. This would serve as a management council that should report into the executive management team and then ultimately to the board or designated committee that oversees digital trust.
The purpose of the digital trust council is to address the needs of an organization’s digital product and service consumers through the appropriate evaluation, prioritization and direction of digital trust activities, funding and programs that ultimately contribute to a trusted relationship. Consider this council the expert review panel and point of contact on digital trust decisions, measurements, guidance and alignment with the organization’s goals and objectives.
This governance connection is critically important. If organizations merely give superficial acknowledgment to the pursuit of digital trust without a governance structure and framework that is accountable to the board, then they are deceiving themselves into believing that they are making any meaningful efforts toward establishing genuine digital trust.
This is reminiscent of the old days when many companies were convinced that they were doing a great job on security without anything in the organization having a true security focus or investment – it was really just IT personnel running the show. We have learned and evolved a great deal since then, and digital trust will have to go through a similar transformation.
The role of security leadership is also crucial in establishing digital trust as a business imperative. To be effective, today’s CISOs must demonstrate their capability to wield influence and make a meaningful impact across the business.
“I think that’s the most important trait right now, because there are many security jobs that are technical analysis or coding, but to be a CISO, you have to be business-focused and be an executive leader because you’re going to be interfacing with the board, CEOs and other executives,” wrote 2021 CISO of the Year, Brennan P. Baybeck, VP & CISO for Customer Services, Oracle.
“You can’t just be talking about compliance and security all the time. You have to be helping to drive the business and directly aligning the security strategy activities to the business strategy, with a focus on enabling business,” he added.
Digital trust serves as a significant avenue for security leaders, especially CISOs, to break away from the perception that they are solely engrossed in cybersecurity with limited perspective. CISOs can effectively achieve this by championing a cross-functional digital trust team (more on this below) and ensuring that the team is resourced and supported appropriately.
Chief Information Security Officers (CISOs) hold a critical and challenging role in today’s rapidly evolving cybersecurity landscape. Here are the common security challenges CISOs face…
As organizations increasingly rely on technology to drive their operations, CISOs face complex security challenges that demand their expertise and strategic decision-making.
These challenges arise from the constant emergence of sophisticated cyber threats, the need to protect sensitive data, and the ever-evolving regulatory landscape.
The role of a CISO requires balancing proactive risk mitigation with the ability to respond swiftly to incidents and breaches.
This article will delve into the top challenges CISOs face, including protecting digital assets, managing security incidents, ensuring compliance, dealing with insider threats, and the relentless pursuit of cyber resilience.
By understanding these challenges, CISOs can develop robust cybersecurity strategies and lead their organizations toward a secure and resilient future.
Who is a CISO?
Chief Information Security Officer (CISO) is a senior executive responsible for overseeing and administering an organization’s information security plan.
A CISO’s primary responsibility is safeguarding the confidentiality, availability, and integrity of an organization’s information assets and systems.
They are accountable for creating and enforcing strategies, policies, and procedures to defend against cyber threats, protect sensitive data, and mitigate security risks.
CISOs play a crucial role in maintaining an organization’s security posture by establishing and enforcing security standards, conducting risk assessments, and implementing appropriate security controls.
They collaborate with other executives, IT teams, and stakeholders to align security initiatives with business objectives and ensure that security measures are integrated into the organization’s operations.
In addition to their technical expertise, CISOs often engage in risk management, incident response planning, security awareness training, and compliance with regulatory requirements.
They stay updated on the latest cybersecurity trends, threats, and technologies to address emerging risks and implement appropriate security measures effectively.
The role of a CISO has become increasingly important as cyber threats evolve in complexity and frequency.
CISOs are responsible for safeguarding the organization’s sensitive information, maintaining the trust of customers and stakeholders, and ensuring business continuity in the face of cybersecurity challenges.
What are all the Roles and Responsibilities of CISO?
Developing and Implementing Information Security Strategy: The CISO is responsible for developing and implementing an overarching information security strategy aligned with the organization’s business objectives. This includes setting security goals, defining security policies and procedures, and establishing risk management frameworks.
Leading the Security Team: The CISO manages and provides leadership to the security team, including hiring, training, and supervising security personnel. They ensure the team has the necessary skills, resources, and support to carry out their responsibilities effectively.
Overseeing Security Operations: The CISO oversees day-to-day security operations, including incident response, vulnerability management, threat intelligence, and security monitoring. They ensure appropriate controls, technologies, and processes are in place to protect the organization’s assets.
Risk Management: The CISO is responsible for identifying and assessing security risks to the organization’s information systems and assets. They develop and implement risk management strategies to safeguard critical data and systems, including risk mitigation, transfer, and acceptance.
Compliance and Regulatory Requirements: The CISO ensures that the organization complies with relevant security regulations, industry standards, and legal requirements. They stay updated on emerging regulations and ensure appropriate controls and processes are in place to meet compliance obligations.
Security Incident Response: The CISO leads the organization’s response to security incidents, including data breaches, malware attacks, and other security breaches. They establish incident response plans, coordinate efforts, and collaborate with relevant stakeholders, such as legal, PR, and law enforcement agencies.
Security Awareness and Training: The CISO promotes a culture of security awareness throughout the organization. They develop and deliver security awareness programs and training initiatives to educate employees on security best practices and minimize human-related security risks.
Vendor and Third-Party Risk Management: The CISO assesses and manages security risks associated with third-party vendors and partners. They establish vendor security requirements, conduct due diligence, and monitor compliance with security standards and contractual obligations.
Security Governance and Reporting: The CISO provides regular reports and updates on the organization’s security posture to executive management, board members, and other relevant stakeholders. They ensure that security metrics and key performance indicators (KPIs) are established to measure the effectiveness of security programs.
Incident Investigation and Forensics: In the event of security incidents, the CISO oversees the investigation and forensic analysis to identify the root cause, assess the impact, and prevent future occurrences. As required, they collaborate with internal and external resources, such as forensic experts and law enforcement agencies.
CISOs face various common security challenges as they strive to protect their organizations’ digital assets and information. Perimeter 81 Guide helps CISOsto prevent their network from being at Risk. Some of the key challenges they encounter include:
Sophisticated Cyberattacks: CISOs must defend against increasingly sophisticated cyber threats, including advanced persistent threats (APTs), ransomware attacks, social engineering, and zero-day exploits. These attacks can bypass traditional security measures and require constant vigilance and adaptive security strategies.
Insider Threats: CISOs need to address the risks posed by insiders, including employees, contractors, or partners who have authorized access to systems and data. Insider threats can involve accidental data breaches, negligence, or malicious intent, requiring a balance between enabling productivity and implementing controls to prevent unauthorized access or data leakage.
Compliance and Regulatory Requirements: CISOs must ensure their organizations comply with industry-specific regulations, such as GDPR, HIPAA, PCI-DSS, or SOX, and evolving privacy laws. Navigating complex compliance requirements and maintaining a robust security posture to meet these standards can be a significant challenge.
Cloud Security: As organizations increasingly adopt cloud services and infrastructure, CISOs must address the unique security challenges associated with cloud computing. This includes securing data stored in the cloud, managing access controls, and ensuring the security of cloud service providers (CSPs) and their environments.
Security Skills Gap: CISOs often need more skilled cybersecurity professionals. The industry’s rapid growth and evolving threat landscape have resulted in high demand for cybersecurity talent, making recruiting and retaining qualified professionals challenging.
Third-Party Risk: Organizations rely on third-party vendors and suppliers, introducing potential security risks. CISOs must assess the security posture of third parties, establish contractual security obligations, and monitor their adherence to security standards to mitigate the risk of breaches through these external connections.
Security Awareness and Training: Human error remains a significant factor in cybersecurity incidents. CISOs must promote a strong security culture, provide regular training and awareness programs, and educate employees about cybersecurity best practices to minimize the risk of social engineering, phishing attacks, and other user-related vulnerabilities.
Incident Response and Recovery: CISOs must develop and test robust incident response plans to manage and recover from security incidents effectively. This involves identifying and containing breaches, conducting forensic investigations, and implementing remediation measures to minimize the impact and prevent future incidents.
Emerging Technologies: Adopting technologies like the Internet of Things (IoT), artificial intelligence (AI), and blockchain introduces new security challenges. CISOs must understand the security implications of these technologies, assess risks, and implement appropriate controls to protect against potential vulnerabilities and attacks.
Budget and Resource Constraints: CISOs often face budget limitations and the need to prioritize security initiatives. Balancing the allocation of resources to address immediate security needs while investing in long-term security capabilities can be a significant challenge.
What are the Security Compliance CISO Should Follow
As a Chief Information Security Officer (CISO), there are several security compliance frameworks and regulations that you should consider following, depending on the nature of your organization and its operations. Here are some of the key security compliance frameworks and regulations:
General Data Protection Regulation (GDPR): If your organization deals with the personal data of individuals in the European Union (EU), GDPR sets requirements for the protection, processing, and transfer of personal data. It includes principles for data minimization, consent, data breach notification, and the rights of individuals.
Payment Card Industry Data Security Standard (PCI DSS): PCI DSS applies to organizations that handle credit card information. It sets requirements for securing payment card data, including network security, encryption, access controls, and regular vulnerability assessments.
Health Insurance Portability and Accountability Act (HIPAA): HIPAA applies to organizations in the healthcare industry that handle protected health information (PHI). It establishes requirements for the privacy and security of PHI, including access controls, encryption, risk assessments, and breach notification.
Sarbanes-Oxley Act (SOX): SOX applies to publicly traded companies in the United States. It sets requirements for financial reporting and establishes controls and processes to ensure the accuracy and integrity of financial statements. While not solely focused on security, it includes provisions for protecting financial data.
National Institute of Standards and Technology (NIST) Cybersecurity Framework: The NIST Cybersecurity Framework provides guidelines and best practices for managing cybersecurity risks. It covers risk assessment, security controls, incident response, and continuous monitoring.
ISO 27001: ISO 27001 is an international standard that provides a framework for establishing, implementing, maintaining, and continually improving an information security management system (ISMS). It covers various aspects of information security, including risk management, access controls, incident management, and security awareness.
Federal Information Security Management Act (FISMA): FISMA applies to U.S. federal agencies and sets requirements for securing federal information and systems. It mandates risk assessments, security controls, incident response planning, and continuous monitoring.
Security Challenges CISOs Face to Manage Security Team
Managing a security team as a Chief Information Security Officer (CISO) requires effective leadership, communication, and coordination. Here are some key aspects to consider when managing a security team:
Establish Clear Roles and Responsibilities: Clearly define the roles and responsibilities of each team member to ensure everyone understands their specific duties and areas of expertise. This clarity helps streamline operations and avoid confusion.
Set Goals and Objectives: Define strategic goals and objectives for the security team aligned with the organization’s overall security strategy. Communicate these goals to the team and regularly track progress to ensure everyone is working towards the same objectives.
Provide Guidance and Mentorship: Offer team members guidance, mentorship, and professional development opportunities. Encourage skill development, certifications, and staying up-to-date with the latest security trends and technologies—support team members in their career growth.
Foster Collaboration and Communication: Promote a collaborative and open communication culture within the team. Encourage knowledge sharing, cross-functional collaboration, and effective communication channels. Regular team meetings, brainstorming sessions, and updates are valuable for aligning efforts.
Support Decision-Making: Empower team members to make decisions within their areas of responsibility. Provide guidance and support when needed, but encourage autonomy and ownership in decision-making. Foster an environment where team members feel comfortable taking calculated risks.
Establish Incident Response Procedures: Develop clear incident response procedures and ensure the team is well-prepared to handle security incidents effectively. Conduct regular drills, tabletop exercises, and simulations to test and improve the team’s incident response capabilities.
Stay Informed and Adapt: Stay up-to-date with the latest security threats, industry trends, and best practices. Encourage continuous learning and professional development for the team. Adapt security strategies and measures as the threat landscape evolves.
Collaborate with Other Departments: Work closely with other departments, such as IT, legal, HR, and executive management, to ensure security initiatives are aligned with business objectives and integrated into overall organizational operations. Build relationships and foster a culture of security awareness throughout the organization.
Regularly Evaluate and Improve: Regularly evaluate the team’s performance, processes, and procedures. Collect feedback from team members and stakeholders to identify areas for improvement. Implement changes and adjustments as necessary to enhance the team’s effectiveness and efficiency.
Lead by Example: Demonstrate strong leadership skills, integrity, and a commitment to security best practices. Lead by example in adhering to security policies and procedures. Encourage a positive and supportive work environment.
CISOs face many common security challenges as protectors of their organization’s digital assets and information.
From sophisticated cyberattacks and insider threats to compliance requirements and resource constraints, these challenges highlight the complex and evolving nature of the cybersecurity landscape.
CISOs must navigate these challenges by adopting a proactive and strategic approach to security, leveraging advanced technologies, fostering a strong security culture, and collaborating with stakeholders.
To overcome these challenges, CISOs must stay abreast of emerging threats, continuously evaluate and improve their security measures, and prioritize investments in critical security capabilities.
They must also foster strong partnerships with internal teams, third-party vendors, and industry peers to collectively address security challenges and share best practices.
While the security challenges CISOs face may seem daunting, they also present opportunities for innovation and growth.
By effectively addressing these challenges, CISOs can enhance their organizations’ security posture, safeguard critical assets, and instill confidence in customers and stakeholders.
Ultimately, the role of a CISO requires a comprehensive and adaptable approach to cybersecurity, where staying one step ahead of threats and continuously improving security measures are paramount.
By embracing these challenges, CISOs can help shape a secure and resilient future for their organizations in an increasingly interconnected and threat-filled digital landscape.
It is so easy to vacuum up private data from vehicles that Andrea Amico taught his daughter how to extract text messages from her mom’s car when she was only eight years old.
Blue-haired and an engineer by training, Amico has a hacker’s mentality, which has manifested in giving drivers a way to protect their data and beat the system at no cost.
Amico is the founder and CEO of Privacy4Cars, the outfit behind a free app that lets individuals erase the astonishing amount of personal data — including text messages, biometrics and geolocation — that many automakers collect, store and often share with law enforcement, insurers and even data brokers.
Privacy4Cars also allows consumers to pull a full report on exactly what data their own car is scooping up, using nothing but a vehicle identification number.
Amico worked on car data privacy for years on what he called a “passion project” basis. After running a large car inspection business, he came to understand the scale of the problem — and the stakes — and founded Privacy4Cars in 2019.
Consumers can use the app to delete data retroactively, but there is no way to block its collection moving forward so those especially concerned about privacy have to regularly wipe the car’s data, which usually primarily resides in the infotainment system, Amico said.
The process for deletion is unique for most car models and types. Amico says the company has amassed step-by-step delete instructions for tens of thousands of vehicles, whose settings often differ by model, make, year manufactured and even how many extras customers pay for to enhance a given model.
The app typically works for four out of five cars. Wiping data can take as few as three commands, or as many as 50, Amico said. If a car owner has not downloaded a given car’s software updates, that can complicate matters.
Data linked to more than a million cars has been deleted using the app to date, Amico said.
With car data privacy in the spotlight recently, the demand is likely to rise.
Last month a Seattle-based federal judge declined to revive a class action lawsuit alleging four auto manufacturers had broken Washington state privacy laws by gathering and storing customers’ private text messages and mobile phone call logs.
The judge ruled the practice did not meet the threshold for an illegal privacy violation under state law, which requires plaintiffs prove that “his or her business, his or her person, or his or her reputation” has been threatened by the harvesting of private data.
Despite the ruling, car data privacy concerns are growing as more consumers become aware of their exposure, and even some industry figures concede more needs to be done to educate car owners about data practices.
Running the report
Privacy4Cars offers a website feature which allows users to search their vehicle identification number and quickly learn the data their car gathers, pulling and crystallizing information from the small print manufacturers typically disclose in complex, dense and lengthy terms and conditions and privacy disclosures.
A recent search of what Privacy4Cars calls its “Vehicle Privacy Report” showed a variety of automakers disclosing they can or do pull, store and even sell a wide range of data, including:
Personal identifiers, which can include data as granular as a driver’s signature; Social Security number; passport number; insurance policy number; employment history and medical information, among other things
Biometrics, which can identify individuals, including through fingerprint mapping, facial recognition and retina scans
Geolocation data
Data collected and used to create profiles on drivers
Consumer data collected from synced phones like text messages and call logs. Often manufacturers don’t disclose whether they also gather data from drivers’ connected smart devices when third-party apps run on or sync with the infotainment system, the report said.
Many automakers also acknowledge they share data with law enforcement, insurers and data brokers.
While some cars searched on the Privacy4Cars website were silent on whether they collect data from synced phones, Sean McKeever, a senior security researcher at GRIMM, a cybersecurity company with an automotive division, said most cars do gather and store phone data.
“If the vehicle offers phone connectivity, you can assume there is some level of data being stored on the vehicle,” McKeever said via email.
Amico estimated that about two-thirds of U.S. auto manufacturers declare they collect data from synced phones, at least for some models.
“They’re also very quick to say that it’s none of their responsibility and essentially it’s the consumers’ fault if they leave this data behind,” he said in an interview.
To use the Privacy4Cars’ Vehicle Privacy Report search tool, drivers must have their vehicle identification number (VIN). A recent random check of the privacy report’s portal, using VIN numbers linked to used vehicles on Carmax, showed that many cars collect all of the data listed above and more.
Vehicles collecting synced phone data, for example, included a 2018 Vokswagen Atlas, a 2023 Audi Q4, a 2019 Volvo XC90 and a 2020 Honda Civic. All of these vehicles also collect location data and some gather biometric data along with compiling personal identifiers and user profiles.
None of the automakers offered comment except for Volkswagen. A spokesperson said that “when a customer syncs their phone via Bluetooth, the car can access phone data as granted by the customer and all of this data is stored within the vehicle.”
They added that customers can delete this data at any time through a factory reset and noted that “while the car itself will access the data, the car does not transmit this data beyond the car.”
A privacy report for a 2020 Volkswagen Tiguan.
Many of the cars Recorded Future News searched in the Vehicle Privacy Report also allowed data to be collected from Android Auto, Apple Carplay and Amazon Alexa.
Amico said that if your car uses Android Auto, for example: “Guess what? Google collects data from you as well.” Google does not have an Android Auto-specific privacy policy or data disclosure, Amico said. The data can also potentially be sold by Google for targeted advertising. Google did not respond to a request for comment.
Privacy4Cars also takes on data brokers, offering a way for consumers to easily reach them and tell them not to sell their data. An “Assert Your Rights” button on the upper right corner of the company’s homepage takes users to a place to share their information so that Privacy4Cars can submit consumer privacy requests to first-party businesses, data brokers, and third parties on their behalf.
Consumers in the dark
Most drivers have no idea what data their car is collecting because other than through Privacy4Cars it can be very hard to track down and digest the information. The privacy disclosures for the four cars mentioned above involved between nine and 12 unique documents, and each ran between 55,00 and 60,000 words, according to the Privacy4Cars site.
Older cars appear not to be immune. A check for a 2012 Honda Odyssey, for example, revealed the vehicle collects data from synced phones, geolocation information and compiles personal identifiers and user profiles.
Car owners should use the app to wipe data particularly when they buy or sell a used car and return vehicles to car rental agencies or leasing companies, Amico said, although most people don’t know they should do so.
Four out of five used cars contain the data of previous owners since most owners and subsequently car dealers don’t wipe them clean, he said.
In some cases cars even store pieces of code from previous drivers that can allow old owners to access new owners’ data. Most cars’ infotainment systems also store text messages and other unencrypted data.
Amico’s services aren’t foolproof. The FBI, for instance, still might be able to hack into the car’s systems and extract data. But they do make it a “hell of a lot harder” for them or anyone else to do so.
Even those unworried about getting entangled with the FBI have serious reasons to delete their data, he said.
“If you have a navigation system, you have about a 50/50 chance that you can press two buttons and show up inside the house of somebody because you press ‘go home’ and then you pop the garage open,” Amico said.
This is Part 1 of a three-part series on automobile privacy that will run through the month of December.
The National Student Clearinghouse (NSC) reported that nearly 900 colleges and universities across the U.S. had data stolen during attacks by a Russia-based ransomware gang exploiting the popular MOVEit file-sharing tool.
The nonprofit manages educational reporting, data exchange, verification, and research services for 3,600 colleges and universities as well as 22,000 high schools.
In June, the organization first confirmed that it was affected by exploitation of the tool, which was targeted via several critical vulnerabilities by the ransomware gang Clop.
Dozens of schools published notices confirming that student and alumni data was accessed in the breach but it was never clear just how many colleges or universities were affected.
In filings with California regulators last week, the National Student Clearinghouse provided a list of affected schools totalling nearly 890 — covering almost every state and including several of the largest, most prominent universities in the U.S.
The U.S. Department of Education requires 3,600 colleges and universities nationwide to use the MOVEit tool to share information with the NSC, which provides this data to the National Student Loan Data System (NSLDS) on behalf of the schools.
The stolen information includes personally identifiable information such as Social Security numbers and dates of birth.
NSC says it notified law enforcement after discovering the incident and told regulators in Maine on August 31 that it is sending breach notification letters to 51,689 people. NSC also sent letters to each school affected by the breach.
“The unauthorized party obtained certain files within the Clearinghouse’s MOVEit environment, which may have included information from the student record database on current or former students,” NSC said in an advisory released this summer. “We have no evidence that the affected files included the enrollment and degree files that organizations submit to the Clearinghouse for reporting requirements and for verifications.”
Security firm Emsisoft estimates that more than 62 million people and 2,000 organizations were affected by the MOVEit breaches. Several class action lawsuits have been filed against Progress Software, the company behind MOVEit.
Sean Matt, one of the lawyers behind the lawsuits, called it a “cybersecurity disaster of staggering proportions.”
“Millions of individuals are now at the mercy of cybercriminals due to a single security vulnerability in the design of the MOVEit software. The data compromised in this incident — social security numbers, banking information and even the names of people’s children — will undoubtedly lead to years of strife and concern,” he said.
“This is not just a data breach, but an unacceptable breach of the public’s trust in Progress and other companies that have a responsibility to protect the private data they collect.”
In this Help Net Security interview, Charles Brooks, Adjunct Professor at Georgetown University’s Applied Intelligence Program and graduate Cybersecurity Programs, talks about how zero trust principles, identity access management, and managed security services are crucial for effective cybersecurity, and how implementation of new technologies like AI, machine learning, and tracking tools can enhance supply chain security.
CISOs believe they have adequate data protection measures, yet many have dealt with the loss of sensitive data over the past year. How do you reconcile this apparent contradiction?
The loss of data despite protection measures is not that surprising. We are all playing catchup in cybersecurity. The internet was invented in a government laboratory and later commercialized in the private sector. The hardware, software, and networks were originally designed for open communication. Cybersecurity initially was not a major consideration. That mindset has surely changed due to the explosion of connectivity and commerce on the internet and CISOs are playing a big game of catch up too.
There are a multitude of causes that can account for the exfiltration of sensitive data. The first being that hacker adversaries have become more sophisticated and capable of breaching. The basic tools and tactics hackers use for exploitation include malware, social engineering, phishing (the easiest most common, especially spear-phishing aimed at corporate executives), ransomware, insider threats, and DDOS attacks. Also, they often use advanced and automated hacking tools shared on the dark web, including AI and ML tools that are used to attack and explore victims’ networks. That evolving chest of hacker weaponry is not so easy for CISOs to defend against.
Another big factor is the reality is that exponential digital connectivity propelled by the COVID-19 pandemic has changed the security paradigm. Many employees now work from hybrid and remote offices. There is more attack surface area to protect with less visibility and controls in place for the CISO. Therefore, it is logical to conclude that more sensitive data has and will be exposed to hackers.
The notion of adequate protection is a misnomer as threats are constantly morphing. All it takes is one crafty phish, a misconfiguration, or a failure to do a timely patch for a gap to provide an opportunity for a breach. Finally, many CISOs have had to operate with limited budgets and qualified cyber personnel. Perhaps they have lower expectations of the level of security they can achieve under the circumstances.
As the economic downturn pressures security budgets, how can CISOs optimize their resources to manage cybersecurity risks effectively?
CISOs must enact a prudent risk management strategy according to their industry and size that they can follow to allow them to best optimize resources. A good risk management strategy will devise a vulnerability framework that Identifies digital assets and data to be protected. A risk assessment can quickly identify and prioritize cyber vulnerabilities so that you can immediately deploy solutions to protect critical assets from malicious cyber actors while immediately improving overall operational cybersecurity. This includes protecting and backing up business enterprise systems such as: financial systems, email exchange servers, HR, and procurement systems with new security tools (encryption, threat intel & detection, firewalls, etc.) and policies.
There are measures in a vulnerability framework that are not cost prohibitive. Those measures can include mandating strong passwords for employees and requiring multi-factor authentication. Firewalls can be set up and CISOs can make plans to segment their most sensitive data. Encryption software can also be affordable. The use of the cloud and hybrid clouds enables implementation of dynamic policies, faster encryption, drives down costs, and provides more transparency for access control (reducing insider threats). A good cloud provider can provide some of those security controls for a reasonable cost. Clouds are not inherently risky, but CISOs and companies will need to recognize that they must thoroughly evaluate provider policies and capabilities to protect their vital data.
And if a CISO is responsible for protecting a small or medium business without a deep IT and cybersecurity team below them, and are wary of cloud costs and management, they can also consider outside managed security services.
How can organizations better safeguard their sensitive information during high employee turnover?
This goes to the essence of the strategy of zero trust. Zero trust (ZT) is the term for an evolving set of cybersecurity paradigms that move defenses from static, network-based perimeters to focus on users, assets, and resources. Organizations need to know everything that is connected to the network, devices & people.
Identity access management or IAM, is very important. IAM the label used for the set of technologies and policies that control who accesses what resources inside a system. A CISO must determine and know who has access to what data and why. If an employee leaves, they need to immediately revoke privileges and ensure that nothing sensitive was removed from the organization. There are many good IAM tools available from vendors on the market.
Certainly, with employee turnover, there are ethical and trust elements involved. Employee insider threats are difficult to detect and manage. Some of that can be addressed upfront in employment contracts with an employee understanding of the legal parameters involved, it is less likely that they will run off with sensitive data.
We’ve seen increased CISO burnout and concerns about personal liability.
Yes, the burnout is a direct result of CISOs having too many responsibilities, too little budget, and too few workers to run operations and help mitigate growing cyber-threats. Now the personal liability factors exemplified by as the class action suit against Solar’s Wind’s CISO, and the suit against Uber’s CISO for obscuring ransomware payments, has heightened the risk. In an industry that is already lacking in required numbers of cybersecurity leaders and technicians, CISOs need to be given not only the tools, but the protections necessary for them to excel in their roles. If not, the burnout and liability issues will put more companies and organizations at greater risk.
How are these challenges impacting the overall efficacy of CISOs in their roles, and what measures can be taken to address them?
Despite the trends of greater frequency, sophistication, lethality, and liabilities associated with incursions, industry management has been mostly unprepared and slow to act at becoming more cyber secure. A Gartner survey found that 88% of Boards of Directors (BoDs) view cybersecurity as a business risk, as opposed to a technology risk, according to a new survey, and that only 12% of BoDs have a dedicated board-level cybersecurity committee.
“It’s time for executives outside of IT to take responsibility for securing the enterprise,” said Paul Proctor, Chief of Research for Risk and Security. “The influx of ransomware and supply chain attacks seen throughout 2021, many of which targeted operation- and mission-critical environments, should be a wake-up call that security is a business issue, and not just another problem for IT to solve.”
CISOs not only need a seat at the table in the C-Suite, but they also need insurance protections comparable to other executive management that limits their personal liability. There is no panacea for perfect cybersecurity. Breaches can happen to any company or person in our precarious digital landscape. It is not fair or good business to have CISO go at it alone. In a similar context, cybersecurity should no longer be viewed as a cost item for businesses or organizations. It has become an ROI that can ensure continuity of operations and protect reputation. Investment in both the company and the CISO’s compensation and portfolio of required duties need to be a priority going forward.
As supply chain risk continues to be a recurring priority, how can CISOs better manage this aspect of their cybersecurity strategies, especially under constrained budgets?
Ensuring that the supply chain is not breached including the design, manufacturing, production, distribution, installation, operation, and maintenance elements is a challenge to all companies. Cyber-attackers will always look for the weakest point of entry and mitigating third-party risk is critical for cybersecurity. Supply chain cyber-attacks can be perpetrated from nation-state adversaries, espionage operators, criminals, or hacktivists.
CISOs require visibility of all vendors in the supply chain along with set policies and monitoring. NIST, a non-regulatory agency of the US Department of Commerce has a suggested framework for supply chain security that provides sound guidelines from both government and industry.
NIST recommends:
Identify, establish, and assess cyber supply chain risk management processes and gain stakeholder agreement
Identify, prioritize, and assess suppliers and third-party supplier partners
Develop contracts with suppliers and third-party partners to address your organization’s supply chain risk management goals
Routinely assess suppliers and third-party partners using audits, test results, and other forms of evaluation
Complete testing to ensure suppliers and third-party providers are able to respond to and recover from service disruption
Other mitigation efforts can be done with the acquisition of new technologies that monitor, alert, and analyze activities in the supply chain. Artificial intelligence and machine learning tools can provide visibility and predictive analytics, and stenographic and watermark technologies can provide tracking of products and software.
Chief Information Security Officers (CISOs) hold a critical and challenging role in today’s rapidly evolving cybersecurity landscape. Here are the common security challenges CISOs face.
As organizations increasingly rely on technology to drive their operations, CISOs face complex security challenges that demand their expertise and strategic decision-making.
These challenges arise from the constant emergence of sophisticated cyber threats, the need to protect sensitive data, and the ever-evolving regulatory landscape.
The role of a CISO requires balancing proactive risk mitigation with the ability to respond swiftly to incidents and breaches.
This article will delve into the top challenges CISOs face, including protecting digital assets, managing security incidents, ensuring compliance, dealing with insider threats, and the relentless pursuit of cyber resilience.
By understanding these challenges, CISOs can develop robust cybersecurity strategies and lead their organizations toward a secure and resilient future.
Who is a CISO?
Chief Information Security Officer (CISO) is a senior executive responsible for overseeing and administering an organization’s information security plan.
A CISO’s primary responsibility is safeguarding the confidentiality, availability, and integrity of an organization’s information assets and systems.
They are accountable for creating and enforcing strategies, policies, and procedures to defend against cyber threats, protect sensitive data, and mitigate security risks.
CISOs play a crucial role in maintaining an organization’s security posture by establishing and enforcing security standards, conducting risk assessments, and implementing appropriate security controls.
They collaborate with other executives, IT teams, and stakeholders to align security initiatives with business objectives and ensure that security measures are integrated into the organization’s operations.
In addition to their technical expertise, CISOs often engage in risk management, incident response planning, security awareness training, and compliance with regulatory requirements.
They stay updated on the latest cybersecurity trends, threats, and technologies to address emerging risks and implement appropriate security measures effectively.
The role of a CISO has become increasingly important as cyber threats evolve in complexity and frequency.
CISOs are responsible for safeguarding the organization’s sensitive information, maintaining the trust of customers and stakeholders, and ensuring business continuity in the face of cybersecurity challenges.
What are all the Roles and Responsibilities of CISO?
Developing and Implementing Information Security Strategy: The CISO is responsible for developing and implementing an overarching information security strategy aligned with the organization’s business objectives. This includes setting security goals, defining security policies and procedures, and establishing risk management frameworks.
Leading the Security Team: The CISO manages and provides leadership to the security team, including hiring, training, and supervising security personnel. They ensure the team has the necessary skills, resources, and support to carry out their responsibilities effectively.
Overseeing Security Operations: The CISO oversees day-to-day security operations, including incident response, vulnerability management, threat intelligence, and security monitoring. They ensure appropriate controls, technologies, and processes are in place to protect the organization’s assets.
Risk Management: The CISO is responsible for identifying and assessing security risks to the organization’s information systems and assets. They develop and implement risk management strategies to safeguard critical data and systems, including risk mitigation, transfer, and acceptance.
Compliance and Regulatory Requirements: The CISO ensures that the organization complies with relevant security regulations, industry standards, and legal requirements. They stay updated on emerging regulations and ensure appropriate controls and processes are in place to meet compliance obligations.
Security Incident Response: The CISO leads the organization’s response to security incidents, including data breaches, malware attacks, and other security breaches. They establish incident response plans, coordinate efforts, and collaborate with relevant stakeholders, such as legal, PR, and law enforcement agencies.
Security Awareness and Training: The CISO promotes a culture of security awareness throughout the organization. They develop and deliver security awareness programs and training initiatives to educate employees on security best practices and minimize human-related security risks.
Vendor and Third-Party Risk Management: The CISO assesses and manages security risks associated with third-party vendors and partners. They establish vendor security requirements, conduct due diligence, and monitor compliance with security standards and contractual obligations.
Security Governance and Reporting: The CISO provides regular reports and updates on the organization’s security posture to executive management, board members, and other relevant stakeholders. They ensure that security metrics and key performance indicators (KPIs) are established to measure the effectiveness of security programs.
Incident Investigation and Forensics: In the event of security incidents, the CISO oversees the investigation and forensic analysis to identify the root cause, assess the impact, and prevent future occurrences. As required, they collaborate with internal and external resources, such as forensic experts and law enforcement agencies.
Security Challenges CISOs Face
CISOs face various common security challenges as they strive to protect their organizations’ digital assets and information. Perimeter 81 Guide helps CISOs to prevent their network from being at Risk. Some of the key challenges they encounter include:
Sophisticated Cyberattacks: CISOs must defend against increasingly sophisticated cyber threats, including advanced persistent threats (APTs), ransomware attacks, social engineering, and zero-day exploits. These attacks can bypass traditional security measures and require constant vigilance and adaptive security strategies.
Insider Threats: CISOs need to address the risks posed by insiders, including employees, contractors, or partners who have authorized access to systems and data. Insider threats can involve accidental data breaches, negligence, or malicious intent, requiring a balance between enabling productivity and implementing controls to prevent unauthorized access or data leakage.
Compliance and Regulatory Requirements: CISOs must ensure their organizations comply with industry-specific regulations, such as GDPR, HIPAA, PCI-DSS, or SOX, and evolving privacy laws. Navigating complex compliance requirements and maintaining a robust security posture to meet these standards can be a significant challenge.
Cloud Security: As organizations increasingly adopt cloud services and infrastructure, CISOs must address the unique security challenges associated with cloud computing. This includes securing data stored in the cloud, managing access controls, and ensuring the security of cloud service providers (CSPs) and their environments.
Security Skills Gap: CISOs often need more skilled cybersecurity professionals. The industry’s rapid growth and evolving threat landscape have resulted in high demand for cybersecurity talent, making recruiting and retaining qualified professionals challenging.
Third-Party Risk: Organizations rely on third-party vendors and suppliers, introducing potential security risks. CISOs must assess the security posture of third parties, establish contractual security obligations, and monitor their adherence to security standards to mitigate the risk of breaches through these external connections.
Security Awareness and Training: Human error remains a significant factor in cybersecurity incidents. CISOs must promote a strong security culture, provide regular training and awareness programs, and educate employees about cybersecurity best practices to minimize the risk of social engineering, phishing attacks, and other user-related vulnerabilities.
Incident Response and Recovery: CISOs must develop and test robust incident response plans to manage and recover from security incidents effectively. This involves identifying and containing breaches, conducting forensic investigations, and implementing remediation measures to minimize the impact and prevent future incidents.
Emerging Technologies: Adopting technologies like the Internet of Things (IoT), artificial intelligence (AI), and blockchain introduces new security challenges. CISOs must understand the security implications of these technologies, assess risks, and implement appropriate controls to protect against potential vulnerabilities and attacks.
Budget and Resource Constraints: CISOs often face budget limitations and the need to prioritize security initiatives. Balancing the allocation of resources to address immediate security needs while investing in long-term security capabilities can be a significant challenge.
What are the Security Compliance CISO Should Follow
As a Chief Information Security Officer (CISO), there are several security compliance frameworks and regulations that you should consider following, depending on the nature of your organization and its operations. Here are some of the key security compliance frameworks and regulations:
General Data Protection Regulation (GDPR): If your organization deals with the personal data of individuals in the European Union (EU), GDPR sets requirements for the protection, processing, and transfer of personal data. It includes principles for data minimization, consent, data breach notification, and the rights of individuals.
Payment Card Industry Data Security Standard (PCI DSS): PCI DSS applies to organizations that handle credit card information. It sets requirements for securing payment card data, including network security, encryption, access controls, and regular vulnerability assessments.
Health Insurance Portability and Accountability Act (HIPAA): HIPAA applies to organizations in the healthcare industry that handle protected health information (PHI). It establishes requirements for the privacy and security of PHI, including access controls, encryption, risk assessments, and breach notification.
Sarbanes-Oxley Act (SOX): SOX applies to publicly traded companies in the United States. It sets requirements for financial reporting and establishes controls and processes to ensure the accuracy and integrity of financial statements. While not solely focused on security, it includes provisions for protecting financial data.
National Institute of Standards and Technology (NIST) Cybersecurity Framework: The NIST Cybersecurity Framework provides guidelines and best practices for managing cybersecurity risks. It covers risk assessment, security controls, incident response, and continuous monitoring.
ISO 27001: ISO 27001 is an international standard that provides a framework for establishing, implementing, maintaining, and continually improving an information security management system (ISMS). It covers various aspects of information security, including risk management, access controls, incident management, and security awareness.
Federal Information Security Management Act (FISMA): FISMA applies to U.S. federal agencies and sets requirements for securing federal information and systems. It mandates risk assessments, security controls, incident response planning, and continuous monitoring.
Security Challenges CISOs Face to Manage Security Team
Managing a security team as a Chief Information Security Officer (CISO) requires effective leadership, communication, and coordination. Here are some key aspects to consider when managing a security team:
Establish Clear Roles and Responsibilities: Clearly define the roles and responsibilities of each team member to ensure everyone understands their specific duties and areas of expertise. This clarity helps streamline operations and avoid confusion.
Set Goals and Objectives: Define strategic goals and objectives for the security team aligned with the organization’s overall security strategy. Communicate these goals to the team and regularly track progress to ensure everyone is working towards the same objectives.
Provide Guidance and Mentorship: Offer team members guidance, mentorship, and professional development opportunities. Encourage skill development, certifications, and staying up-to-date with the latest security trends and technologies—support team members in their career growth.
Foster Collaboration and Communication: Promote a collaborative and open communication culture within the team. Encourage knowledge sharing, cross-functional collaboration, and effective communication channels. Regular team meetings, brainstorming sessions, and updates are valuable for aligning efforts.
Support Decision-Making: Empower team members to make decisions within their areas of responsibility. Provide guidance and support when needed, but encourage autonomy and ownership in decision-making. Foster an environment where team members feel comfortable taking calculated risks.
Establish Incident Response Procedures: Develop clear incident response procedures and ensure the team is well-prepared to handle security incidents effectively. Conduct regular drills, tabletop exercises, and simulations to test and improve the team’s incident response capabilities.
Stay Informed and Adapt: Stay up-to-date with the latest security threats, industry trends, and best practices. Encourage continuous learning and professional development for the team. Adapt security strategies and measures as the threat landscape evolves.
Collaborate with Other Departments: Work closely with other departments, such as IT, legal, HR, and executive management, to ensure security initiatives are aligned with business objectives and integrated into overall organizational operations. Build relationships and foster a culture of security awareness throughout the organization.
Regularly Evaluate and Improve: Regularly evaluate the team’s performance, processes, and procedures. Collect feedback from team members and stakeholders to identify areas for improvement. Implement changes and adjustments as necessary to enhance the team’s effectiveness and efficiency.
Lead by Example: Demonstrate strong leadership skills, integrity, and a commitment to security best practices. Lead by example in adhering to security policies and procedures. Encourage a positive and supportive work environment.
Final Thoughts
CISOs face many common security challenges as protectors of their organization’s digital assets and information.
From sophisticated cyberattacks and insider threats to compliance requirements and resource constraints, these challenges highlight the complex and evolving nature of the cybersecurity landscape.
CISOs must navigate these challenges by adopting a proactive and strategic approach to security, leveraging advanced technologies, fostering a strong security culture, and collaborating with stakeholders.
To overcome these challenges, CISOs must stay abreast of emerging threats, continuously evaluate and improve their security measures, and prioritize investments in critical security capabilities.
They must also foster strong partnerships with internal teams, third-party vendors, and industry peers to collectively address security challenges and share best practices.
While the security challenges CISOs face may seem daunting, they also present opportunities for innovation and growth.
By effectively addressing these challenges, CISOs can enhance their organizations’ security posture, safeguard critical assets, and instill confidence in customers and stakeholders.
Ultimately, the role of a CISO requires a comprehensive and adaptable approach to cybersecurity, where staying one step ahead of threats and continuously improving security measures are paramount.
By embracing these challenges, CISOs can help shape a secure and resilient future for their organizations in an increasingly interconnected and threat-filled digital landscape.
Chief Information Security Officers (CISOs) hold a critical and challenging role in today’s rapidly evolving cybersecurity landscape. Here are the common security challenges CISOs face.
As organizations increasingly rely on technology to drive their operations, CISOs face complex security challenges that demand their expertise and strategic decision-making.
These challenges arise from the constant emergence of sophisticated cyber threats, the need to protect sensitive data, and the ever-evolving regulatory landscape.
The role of a CISO requires balancing proactive risk mitigation with the ability to respond swiftly to incidents and breaches.
This article will delve into the top challenges CISOs face, including protecting digital assets, managing security incidents, ensuring compliance, dealing with insider threats, and the relentless pursuit of cyber resilience.
By understanding these challenges, CISOs can develop robust cybersecurity strategies and lead their organizations toward a secure and resilient future.
Who is a CISO?
Chief Information Security Officer (CISO) is a senior executive responsible for overseeing and administering an organization’s information security plan.
A CISO’s primary responsibility is safeguarding the confidentiality, availability, and integrity of an organization’s information assets and systems.
They are accountable for creating and enforcing strategies, policies, and procedures to defend against cyber threats, protect sensitive data, and mitigate security risks.
CISOs play a crucial role in maintaining an organization’s security posture by establishing and enforcing security standards, conducting risk assessments, and implementing appropriate security controls.
They collaborate with other executives, IT teams, and stakeholders to align security initiatives with business objectives and ensure that security measures are integrated into the organization’s operations.
In addition to their technical expertise, CISOs often engage in risk management, incident response planning, security awareness training, and compliance with regulatory requirements.
They stay updated on the latest cybersecurity trends, threats, and technologies to address emerging risks and implement appropriate security measures effectively.
The role of a CISO has become increasingly important as cyber threats evolve in complexity and frequency.
CISOs are responsible for safeguarding the organization’s sensitive information, maintaining the trust of customers and stakeholders, and ensuring business continuity in the face of cybersecurity challenges.
What are all the Roles and Responsibilities of CISO?
Developing and Implementing Information Security Strategy: The CISO is responsible for developing and implementing an overarching information security strategy aligned with the organization’s business objectives. This includes setting security goals, defining security policies and procedures, and establishing risk management frameworks.
Leading the Security Team: The CISO manages and provides leadership to the security team, including hiring, training, and supervising security personnel. They ensure the team has the necessary skills, resources, and support to carry out their responsibilities effectively.
Overseeing Security Operations: The CISO oversees day-to-day security operations, including incident response, vulnerability management, threat intelligence, and security monitoring. They ensure appropriate controls, technologies, and processes are in place to protect the organization’s assets.
Risk Management: The CISO is responsible for identifying and assessing security risks to the organization’s information systems and assets. They develop and implement risk management strategies to safeguard critical data and systems, including risk mitigation, transfer, and acceptance.
Compliance and Regulatory Requirements: The CISO ensures that the organization complies with relevant security regulations, industry standards, and legal requirements. They stay updated on emerging regulations and ensure appropriate controls and processes are in place to meet compliance obligations.
Security Incident Response: The CISO leads the organization’s response to security incidents, including data breaches, malware attacks, and other security breaches. They establish incident response plans, coordinate efforts, and collaborate with relevant stakeholders, such as legal, PR, and law enforcement agencies.
Security Awareness and Training: The CISO promotes a culture of security awareness throughout the organization. They develop and deliver security awareness programs and training initiatives to educate employees on security best practices and minimize human-related security risks.
Vendor and Third-Party Risk Management: The CISO assesses and manages security risks associated with third-party vendors and partners. They establish vendor security requirements, conduct due diligence, and monitor compliance with security standards and contractual obligations.
Security Governance and Reporting: The CISO provides regular reports and updates on the organization’s security posture to executive management, board members, and other relevant stakeholders. They ensure that security metrics and key performance indicators (KPIs) are established to measure the effectiveness of security programs.
Incident Investigation and Forensics: In the event of security incidents, the CISO oversees the investigation and forensic analysis to identify the root cause, assess the impact, and prevent future occurrences. As required, they collaborate with internal and external resources, such as forensic experts and law enforcement agencies.
Security Challenges CISOs Face
CISOs face various common security challenges as they strive to protect their organizations’ digital assets and information. Perimeter 81 Guide helps CISOs to prevent their network from being at Risk. Some of the key challenges they encounter include:
Sophisticated Cyberattacks: CISOs must defend against increasingly sophisticated cyber threats, including advanced persistent threats (APTs), ransomware attacks, social engineering, and zero-day exploits. These attacks can bypass traditional security measures and require constant vigilance and adaptive security strategies.
Insider Threats: CISOs need to address the risks posed by insiders, including employees, contractors, or partners who have authorized access to systems and data. Insider threats can involve accidental data breaches, negligence, or malicious intent, requiring a balance between enabling productivity and implementing controls to prevent unauthorized access or data leakage.
Compliance and Regulatory Requirements: CISOs must ensure their organizations comply with industry-specific regulations, such as GDPR, HIPAA, PCI-DSS, or SOX, and evolving privacy laws. Navigating complex compliance requirements and maintaining a robust security posture to meet these standards can be a significant challenge.
Cloud Security: As organizations increasingly adopt cloud services and infrastructure, CISOs must address the unique security challenges associated with cloud computing. This includes securing data stored in the cloud, managing access controls, and ensuring the security of cloud service providers (CSPs) and their environments.
Security Skills Gap: CISOs often need more skilled cybersecurity professionals. The industry’s rapid growth and evolving threat landscape have resulted in high demand for cybersecurity talent, making recruiting and retaining qualified professionals challenging.
Third-Party Risk: Organizations rely on third-party vendors and suppliers, introducing potential security risks. CISOs must assess the security posture of third parties, establish contractual security obligations, and monitor their adherence to security standards to mitigate the risk of breaches through these external connections.
Security Awareness and Training: Human error remains a significant factor in cybersecurity incidents. CISOs must promote a strong security culture, provide regular training and awareness programs, and educate employees about cybersecurity best practices to minimize the risk of social engineering, phishing attacks, and other user-related vulnerabilities.
Incident Response and Recovery: CISOs must develop and test robust incident response plans to manage and recover from security incidents effectively. This involves identifying and containing breaches, conducting forensic investigations, and implementing remediation measures to minimize the impact and prevent future incidents.
Emerging Technologies: Adopting technologies like the Internet of Things (IoT), artificial intelligence (AI), and blockchain introduces new security challenges. CISOs must understand the security implications of these technologies, assess risks, and implement appropriate controls to protect against potential vulnerabilities and attacks.
Budget and Resource Constraints: CISOs often face budget limitations and the need to prioritize security initiatives. Balancing the allocation of resources to address immediate security needs while investing in long-term security capabilities can be a significant challenge.
What are the Security Compliance CISO Should Follow
As a Chief Information Security Officer (CISO), there are several security compliance frameworks and regulations that you should consider following, depending on the nature of your organization and its operations. Here are some of the key security compliance frameworks and regulations:
General Data Protection Regulation (GDPR): If your organization deals with the personal data of individuals in the European Union (EU), GDPR sets requirements for the protection, processing, and transfer of personal data. It includes principles for data minimization, consent, data breach notification, and the rights of individuals.
Payment Card Industry Data Security Standard (PCI DSS): PCI DSS applies to organizations that handle credit card information. It sets requirements for securing payment card data, including network security, encryption, access controls, and regular vulnerability assessments.
Health Insurance Portability and Accountability Act (HIPAA): HIPAA applies to organizations in the healthcare industry that handle protected health information (PHI). It establishes requirements for the privacy and security of PHI, including access controls, encryption, risk assessments, and breach notification.
Sarbanes-Oxley Act (SOX): SOX applies to publicly traded companies in the United States. It sets requirements for financial reporting and establishes controls and processes to ensure the accuracy and integrity of financial statements. While not solely focused on security, it includes provisions for protecting financial data.
National Institute of Standards and Technology (NIST) Cybersecurity Framework: The NIST Cybersecurity Framework provides guidelines and best practices for managing cybersecurity risks. It covers risk assessment, security controls, incident response, and continuous monitoring.
ISO 27001: ISO 27001 is an international standard that provides a framework for establishing, implementing, maintaining, and continually improving an information security management system (ISMS). It covers various aspects of information security, including risk management, access controls, incident management, and security awareness.
Federal Information Security Management Act (FISMA): FISMA applies to U.S. federal agencies and sets requirements for securing federal information and systems. It mandates risk assessments, security controls, incident response planning, and continuous monitoring.
Security Challenges CISOs Face to Manage Security Team
Managing a security team as a Chief Information Security Officer (CISO) requires effective leadership, communication, and coordination. Here are some key aspects to consider when managing a security team:
Establish Clear Roles and Responsibilities: Clearly define the roles and responsibilities of each team member to ensure everyone understands their specific duties and areas of expertise. This clarity helps streamline operations and avoid confusion.
Set Goals and Objectives: Define strategic goals and objectives for the security team aligned with the organization’s overall security strategy. Communicate these goals to the team and regularly track progress to ensure everyone is working towards the same objectives.
Provide Guidance and Mentorship: Offer team members guidance, mentorship, and professional development opportunities. Encourage skill development, certifications, and staying up-to-date with the latest security trends and technologies—support team members in their career growth.
Foster Collaboration and Communication: Promote a collaborative and open communication culture within the team. Encourage knowledge sharing, cross-functional collaboration, and effective communication channels. Regular team meetings, brainstorming sessions, and updates are valuable for aligning efforts.
Support Decision-Making: Empower team members to make decisions within their areas of responsibility. Provide guidance and support when needed, but encourage autonomy and ownership in decision-making. Foster an environment where team members feel comfortable taking calculated risks.
Establish Incident Response Procedures: Develop clear incident response procedures and ensure the team is well-prepared to handle security incidents effectively. Conduct regular drills, tabletop exercises, and simulations to test and improve the team’s incident response capabilities.
Stay Informed and Adapt: Stay up-to-date with the latest security threats, industry trends, and best practices. Encourage continuous learning and professional development for the team. Adapt security strategies and measures as the threat landscape evolves.
Collaborate with Other Departments: Work closely with other departments, such as IT, legal, HR, and executive management, to ensure security initiatives are aligned with business objectives and integrated into overall organizational operations. Build relationships and foster a culture of security awareness throughout the organization.
Regularly Evaluate and Improve: Regularly evaluate the team’s performance, processes, and procedures. Collect feedback from team members and stakeholders to identify areas for improvement. Implement changes and adjustments as necessary to enhance the team’s effectiveness and efficiency.
Lead by Example: Demonstrate strong leadership skills, integrity, and a commitment to security best practices. Lead by example in adhering to security policies and procedures. Encourage a positive and supportive work environment.
Final Thoughts
CISOs face many common security challenges as protectors of their organization’s digital assets and information.
From sophisticated cyberattacks and insider threats to compliance requirements and resource constraints, these challenges highlight the complex and evolving nature of the cybersecurity landscape.
CISOs must navigate these challenges by adopting a proactive and strategic approach to security, leveraging advanced technologies, fostering a strong security culture, and collaborating with stakeholders.
To overcome these challenges, CISOs must stay abreast of emerging threats, continuously evaluate and improve their security measures, and prioritize investments in critical security capabilities.
They must also foster strong partnerships with internal teams, third-party vendors, and industry peers to collectively address security challenges and share best practices.
While the security challenges CISOs face may seem daunting, they also present opportunities for innovation and growth.
By effectively addressing these challenges, CISOs can enhance their organizations’ security posture, safeguard critical assets, and instill confidence in customers and stakeholders.
Ultimately, the role of a CISO requires a comprehensive and adaptable approach to cybersecurity, where staying one step ahead of threats and continuously improving security measures are paramount.
By embracing these challenges, CISOs can help shape a secure and resilient future for their organizations in an increasingly interconnected and threat-filled digital landscape.
Chief Information Security Officers (CISOs) hold a critical and challenging role in today’s rapidly evolving cybersecurity landscape. Here are the common security challenges CISOs face.
As organizations increasingly rely on technology to drive their operations, CISOs face complex security challenges that demand their expertise and strategic decision-making.
These challenges arise from the constant emergence of sophisticated cyber threats, the need to protect sensitive data, and the ever-evolving regulatory landscape.
The role of a CISO requires balancing proactive risk mitigation with the ability to respond swiftly to incidents and breaches.
This article will delve into the top challenges CISOs face, including protecting digital assets, managing security incidents, ensuring compliance, dealing with insider threats, and the relentless pursuit of cyber resilience.
By understanding these challenges, CISOs can develop robust cybersecurity strategies and lead their organizations toward a secure and resilient future.
Who is a CISO?
Chief Information Security Officer (CISO) is a senior executive responsible for overseeing and administering an organization’s information security plan.
A CISO’s primary responsibility is safeguarding the confidentiality, availability, and integrity of an organization’s information assets and systems.
They are accountable for creating and enforcing strategies, policies, and procedures to defend against cyber threats, protect sensitive data, and mitigate security risks.
CISOs play a crucial role in maintaining an organization’s security posture by establishing and enforcing security standards, conducting risk assessments, and implementing appropriate security controls.
They collaborate with other executives, IT teams, and stakeholders to align security initiatives with business objectives and ensure that security measures are integrated into the organization’s operations.
In addition to their technical expertise, CISOs often engage in risk management, incident response planning, security awareness training, and compliance with regulatory requirements.
They stay updated on the latest cybersecurity trends, threats, and technologies to address emerging risks and implement appropriate security measures effectively.
The role of a CISO has become increasingly important as cyber threats evolve in complexity and frequency.
CISOs are responsible for safeguarding the organization’s sensitive information, maintaining the trust of customers and stakeholders, and ensuring business continuity in the face of cybersecurity challenges.
What are all the Roles and Responsibilities of CISO?
Developing and Implementing Information Security Strategy: The CISO is responsible for developing and implementing an overarching information security strategy aligned with the organization’s business objectives. This includes setting security goals, defining security policies and procedures, and establishing risk management frameworks.
Leading the Security Team: The CISO manages and provides leadership to the security team, including hiring, training, and supervising security personnel. They ensure the team has the necessary skills, resources, and support to carry out their responsibilities effectively.
Overseeing Security Operations: The CISO oversees day-to-day security operations, including incident response, vulnerability management, threat intelligence, and security monitoring. They ensure appropriate controls, technologies, and processes are in place to protect the organization’s assets.
Risk Management: The CISO is responsible for identifying and assessing security risks to the organization’s information systems and assets. They develop and implement risk management strategies to safeguard critical data and systems, including risk mitigation, transfer, and acceptance.
Compliance and Regulatory Requirements: The CISO ensures that the organization complies with relevant security regulations, industry standards, and legal requirements. They stay updated on emerging regulations and ensure appropriate controls and processes are in place to meet compliance obligations.
Security Incident Response: The CISO leads the organization’s response to security incidents, including data breaches, malware attacks, and other security breaches. They establish incident response plans, coordinate efforts, and collaborate with relevant stakeholders, such as legal, PR, and law enforcement agencies.
Security Awareness and Training: The CISO promotes a culture of security awareness throughout the organization. They develop and deliver security awareness programs and training initiatives to educate employees on security best practices and minimize human-related security risks.
Vendor and Third-Party Risk Management: The CISO assesses and manages security risks associated with third-party vendors and partners. They establish vendor security requirements, conduct due diligence, and monitor compliance with security standards and contractual obligations.
Security Governance and Reporting: The CISO provides regular reports and updates on the organization’s security posture to executive management, board members, and other relevant stakeholders. They ensure that security metrics and key performance indicators (KPIs) are established to measure the effectiveness of security programs.
Incident Investigation and Forensics: In the event of security incidents, the CISO oversees the investigation and forensic analysis to identify the root cause, assess the impact, and prevent future occurrences. As required, they collaborate with internal and external resources, such as forensic experts and law enforcement agencies.
Security Challenges CISOs Face
CISOs face various common security challenges as they strive to protect their organizations’ digital assets and information. Perimeter 81 Guide helps CISOs to prevent their network from being at Risk. Some of the key challenges they encounter include:
Sophisticated Cyberattacks: CISOs must defend against increasingly sophisticated cyber threats, including advanced persistent threats (APTs), ransomware attacks, social engineering, and zero-day exploits. These attacks can bypass traditional security measures and require constant vigilance and adaptive security strategies.
Insider Threats: CISOs need to address the risks posed by insiders, including employees, contractors, or partners who have authorized access to systems and data. Insider threats can involve accidental data breaches, negligence, or malicious intent, requiring a balance between enabling productivity and implementing controls to prevent unauthorized access or data leakage.
Compliance and Regulatory Requirements: CISOs must ensure their organizations comply with industry-specific regulations, such as GDPR, HIPAA, PCI-DSS, or SOX, and evolving privacy laws. Navigating complex compliance requirements and maintaining a robust security posture to meet these standards can be a significant challenge.
Cloud Security: As organizations increasingly adopt cloud services and infrastructure, CISOs must address the unique security challenges associated with cloud computing. This includes securing data stored in the cloud, managing access controls, and ensuring the security of cloud service providers (CSPs) and their environments.
Security Skills Gap: CISOs often need more skilled cybersecurity professionals. The industry’s rapid growth and evolving threat landscape have resulted in high demand for cybersecurity talent, making recruiting and retaining qualified professionals challenging.
Third-Party Risk: Organizations rely on third-party vendors and suppliers, introducing potential security risks. CISOs must assess the security posture of third parties, establish contractual security obligations, and monitor their adherence to security standards to mitigate the risk of breaches through these external connections.
Security Awareness and Training: Human error remains a significant factor in cybersecurity incidents. CISOs must promote a strong security culture, provide regular training and awareness programs, and educate employees about cybersecurity best practices to minimize the risk of social engineering, phishing attacks, and other user-related vulnerabilities.
Incident Response and Recovery: CISOs must develop and test robust incident response plans to manage and recover from security incidents effectively. This involves identifying and containing breaches, conducting forensic investigations, and implementing remediation measures to minimize the impact and prevent future incidents.
Emerging Technologies: Adopting technologies like the Internet of Things (IoT), artificial intelligence (AI), and blockchain introduces new security challenges. CISOs must understand the security implications of these technologies, assess risks, and implement appropriate controls to protect against potential vulnerabilities and attacks.
Budget and Resource Constraints: CISOs often face budget limitations and the need to prioritize security initiatives. Balancing the allocation of resources to address immediate security needs while investing in long-term security capabilities can be a significant challenge.
What are the Security Compliance CISO Should Follow
As a Chief Information Security Officer (CISO), there are several security compliance frameworks and regulations that you should consider following, depending on the nature of your organization and its operations. Here are some of the key security compliance frameworks and regulations:
General Data Protection Regulation (GDPR): If your organization deals with the personal data of individuals in the European Union (EU), GDPR sets requirements for the protection, processing, and transfer of personal data. It includes principles for data minimization, consent, data breach notification, and the rights of individuals.
Payment Card Industry Data Security Standard (PCI DSS): PCI DSS applies to organizations that handle credit card information. It sets requirements for securing payment card data, including network security, encryption, access controls, and regular vulnerability assessments.
Health Insurance Portability and Accountability Act (HIPAA): HIPAA applies to organizations in the healthcare industry that handle protected health information (PHI). It establishes requirements for the privacy and security of PHI, including access controls, encryption, risk assessments, and breach notification.
Sarbanes-Oxley Act (SOX): SOX applies to publicly traded companies in the United States. It sets requirements for financial reporting and establishes controls and processes to ensure the accuracy and integrity of financial statements. While not solely focused on security, it includes provisions for protecting financial data.
National Institute of Standards and Technology (NIST) Cybersecurity Framework: The NIST Cybersecurity Framework provides guidelines and best practices for managing cybersecurity risks. It covers risk assessment, security controls, incident response, and continuous monitoring.
ISO 27001: ISO 27001 is an international standard that provides a framework for establishing, implementing, maintaining, and continually improving an information security management system (ISMS). It covers various aspects of information security, including risk management, access controls, incident management, and security awareness.
Federal Information Security Management Act (FISMA): FISMA applies to U.S. federal agencies and sets requirements for securing federal information and systems. It mandates risk assessments, security controls, incident response planning, and continuous monitoring.
Security Challenges CISOs Face to Manage Security Team
Managing a security team as a Chief Information Security Officer (CISO) requires effective leadership, communication, and coordination. Here are some key aspects to consider when managing a security team:
Establish Clear Roles and Responsibilities: Clearly define the roles and responsibilities of each team member to ensure everyone understands their specific duties and areas of expertise. This clarity helps streamline operations and avoid confusion.
Set Goals and Objectives: Define strategic goals and objectives for the security team aligned with the organization’s overall security strategy. Communicate these goals to the team and regularly track progress to ensure everyone is working towards the same objectives.
Provide Guidance and Mentorship: Offer team members guidance, mentorship, and professional development opportunities. Encourage skill development, certifications, and staying up-to-date with the latest security trends and technologies—support team members in their career growth.
Foster Collaboration and Communication: Promote a collaborative and open communication culture within the team. Encourage knowledge sharing, cross-functional collaboration, and effective communication channels. Regular team meetings, brainstorming sessions, and updates are valuable for aligning efforts.
Support Decision-Making: Empower team members to make decisions within their areas of responsibility. Provide guidance and support when needed, but encourage autonomy and ownership in decision-making. Foster an environment where team members feel comfortable taking calculated risks.
Establish Incident Response Procedures: Develop clear incident response procedures and ensure the team is well-prepared to handle security incidents effectively. Conduct regular drills, tabletop exercises, and simulations to test and improve the team’s incident response capabilities.
Stay Informed and Adapt: Stay up-to-date with the latest security threats, industry trends, and best practices. Encourage continuous learning and professional development for the team. Adapt security strategies and measures as the threat landscape evolves.
Collaborate with Other Departments: Work closely with other departments, such as IT, legal, HR, and executive management, to ensure security initiatives are aligned with business objectives and integrated into overall organizational operations. Build relationships and foster a culture of security awareness throughout the organization.
Regularly Evaluate and Improve: Regularly evaluate the team’s performance, processes, and procedures. Collect feedback from team members and stakeholders to identify areas for improvement. Implement changes and adjustments as necessary to enhance the team’s effectiveness and efficiency.
Lead by Example: Demonstrate strong leadership skills, integrity, and a commitment to security best practices. Lead by example in adhering to security policies and procedures. Encourage a positive and supportive work environment.
Final Thoughts
CISOs face many common security challenges as protectors of their organization’s digital assets and information.
From sophisticated cyberattacks and insider threats to compliance requirements and resource constraints, these challenges highlight the complex and evolving nature of the cybersecurity landscape.
CISOs must navigate these challenges by adopting a proactive and strategic approach to security, leveraging advanced technologies, fostering a strong security culture, and collaborating with stakeholders.
To overcome these challenges, CISOs must stay abreast of emerging threats, continuously evaluate and improve their security measures, and prioritize investments in critical security capabilities.
They must also foster strong partnerships with internal teams, third-party vendors, and industry peers to collectively address security challenges and share best practices.
While the security challenges CISOs face may seem daunting, they also present opportunities for innovation and growth.
By effectively addressing these challenges, CISOs can enhance their organizations’ security posture, safeguard critical assets, and instill confidence in customers and stakeholders.
Ultimately, the role of a CISO requires a comprehensive and adaptable approach to cybersecurity, where staying one step ahead of threats and continuously improving security measures are paramount.
By embracing these challenges, CISOs can help shape a secure and resilient future for their organizations in an increasingly interconnected and threat-filled digital landscape.
it is not uncommon for large organizations to face cyber attacks or data breaches, and it is important for them to have strong cybersecurity measures in place to prevent such incidents and mitigate their impact if they do occur. However, If such an incident did occur, the affected companies would likely conduct a thorough investigation and take appropriate steps to address the situation and prevent similar incidents from happening in the future.
The massive media and publishing business News Corp reported a data breach in February 2022, disclosing that its journalists had been the focus of an attack on a software supply chain. The breach revealed that the journalists had been hacked. The assets owned by News Corp. include a variety of prominent news sources, such as Dow Jones, FOX News, The Sun, and MarketWatch, amongst others. It is important to note that in March of 2019, the Dow Jones made news for disclosing a “screening list” that included critical information on terrorists, criminals, and shady enterprises. This information included names, addresses, and phone numbers.
The leak of thirteen million data took place on the FOX News website in April of 2022. The fifty-eight terabytes’ worth of information consisted of a variety of different things, including the company’s internal documents, the personally identifiable information (PII) of its workers, and many other things. Prior to the time when the firm was made aware of the occurrence, these documents continued to be accessible to the general public.
Today, the business has disclosed new information saying that the security breach really took place in February of 2020. This indicates that the hackers were present on the network for a period of two years before being discovered. Mandiant, which is now owned by Google, was the cybersecurity company that helped News Corp. back then. Because the perpetrators had access to the system for two years before they were discovered, it is highly likely that they were able to get away with stealing more information than was initially thought. Since no one knew it had been stolen, they would not have been on heightened alert for any potential attacks during that time.
The firm disclosed in a breach notice that the threat actors responsible for the incident gained access to its email and document storage system. This system is used by a variety of News Corp companies. The impacted workers’ personal and health information was obtained; nevertheless, the corporation has said that it does not seem that the activity was centered on exploiting personal information in any way. The Wall Street Journal, the New York Post, and its news operations in the United Kingdom were among the News Corp publications that were compromised as a result of the security hack. Names, birth dates, social security numbers, driver’s license numbers, passport numbers, information about bank accounts, as well as information on medical and health insurance, were some of the pieces of personally identifiable information that were accessed.
News Corporation has indicated in the past that the assailants had links to China and were probably engaged in espionage operations to gather information for the benefit of China’s objectives.
The New York Post admitted that it had been hacked in October 2022, after discovering that its website and Twitter account had been exploited to distribute inappropriate information that targeted a number of different politicians in the United States. The newspaper eventually disclosed that one of its own workers was responsible for the incident, and that individual was terminated once their role in the scandal was uncovered.
A large number of e-commerce payment platforms use effective payment gateway tools and effectively integrate them with an acceptable payment strategy. Today’s e-commerce websites need to integrate anti-fraud tools, renew bank cards, integrate multiple gateways, and manage alternative payment methods.
It is important to get these complex integrations right and bring them together into one functioning system; choosing the right tokenization partner is the key to success in these processes.
What is the tokenization process and why is it needed?
Tokenization is an important process of replacing sensitive data, such as credit card numbers, with unique identifying information while preserving all important data information; a tokenization solution is a form of using a unique security key to provide an appropriate level of security to important confidential data.
Think of tokenization as a secret code that uses a key to retrieve an encrypted message. Some versions of the credit card number store the last four digits; however, the remaining digits of the credit number are random.
In this case, you can safely store the token in the database. Anyone with access to this token cannot use it to compromise your credit card account. For these tokens to be used to process credit card transactions, they must be re-linked to the original credit card numbers. Typically, this mapping is performed by a secure third party. All this is done to ensure full security.
Blockchain technology is a technology that most people associate only with cryptocurrencies. This attribution is not entirely incorrect, as the blockchain was created for the Bitcoin cryptocurrency. However, much has changed since 2009 (the year Bitcoin appeared), and the scope of blockchain technology continues to actively expand.
One of the key applications of this technology today is tokenization, a secure form of digitization based on the blockchain technology mentioned above. The process of tokenization consists of assigning a specific value to a symbol, which can exist materially or immaterially, and is a digital “token” that stores data. With this efficient solution, you can securely buy and sell your assets online.
Examples of this use of tokens include the value of the stock market. Most of us associate stocks and bonds with paper-based notices of ownership of those assets, but tokenization allows us to replace those paper notices with digital versions. The implementation of traditional solutions in the digital world simplifies and optimizes a large number of important processes, making them significantly more efficient.
The terms “token” and “cryptocurrency” are often confused and used interchangeably; not surprisingly, both concepts are closely related to blockchain technology. The key difference between cryptocurrencies and tokens is that cryptocurrencies are a means of payment, whereas tokens cannot; they can be compared to a kind of chip.
A token is created using smart contracts on a specific blockchain network and can perform various key functions. Each blockchain network can contain an unlimited number of tokens.
On the other hand, a smart contract is a kind of computer program embedded in a certain blockchain network that automatically enforces the terms contained in it. Both tokens and cryptocurrencies can be transferred on the blockchain network; however, token transaction fees depend on the cryptocurrency.
What information must be provided for tokenization?
Tokenization is commonly used to protect credit card numbers, a process mandated by the Payment Card Industry Council (PCI). However, there are many different use cases, tokenization terminology allows you to learn a variety of effective tools that provide active growth in the field of security for business organizations for which it is important to reliably protect confidential data.
Consider personal or personally identifiable information. HIPPA, General Data Protection Regulation (GDPR) requires confidential processing, anonymization, and secure storage of personal data. Organizations and various business environments should use tokenization capabilities when the business needs to securely store confidential information, such as:
ID number;
Date of birth;
Gender or race;
Driver’s license;
Credit card number;
Valid phone number;
Bank account number;
Social insurance number;
Current residential address of clients;
Due to the universality of tokens, they are divided into several types that perform different functions. One of the key differences is between mutual tokens and non-splitting tokens. For example, payment tokens are used to make payments. Their function is mainly to ensure the safety of investors. Issued security tokens are protected by law and represent specific stocks, bonds, or other assets of genuine interest.
Are my tokens safe?
Undoubtedly, there are many advantages to using tokens, but is it safe to store data? Security is considered one of the most important benefits of tokenization. Stability, irreversibility of transactions, and elimination of intermediaries are just some of the characteristics that affect security when using blockchain technology.
In addition, the security of tokenization is provided by smart contracts that allow parties to trade directly. For example, selling real estate in the form of tokens does not require a notary or a real estate agent. Everything is done quickly and directly.
Note that each contracting party must ensure that personal tokens are properly stored and protected from loss to properly act as guarantors of successful transactions. Tokenization is a form of business digitization based on blockchain technology.
The potential of tokenization is huge and has yet to be fully explored. Tokens are divided into different types. The most common use of tokens is to digitize different types of assets, such as physical assets, digital assets, projects, company shares, shares, or loans.
What are the different types of tokenization processes?
When it comes to PCI tokens, there are three key types of tokenization: gateway tokenization, end-to-end tokenization, and payment service tokenization. Gateway tokenization. When you do e-commerce, you most likely get paid through a payment gateway.
Most gateways have technology that allows you to securely store your credit card in the system, then issue a refund and delete your card data. The downside is that each gateway provides its token scheme. This means that you cannot use this gateway. Changing gateways is often a time-consuming and expensive process of moving customer data to a new gateway for secure processing.
In some cases, the gateway may not allow these actions. End-to-end tokenization. Some independent tokenization providers have their technology that sits between your e-commerce site and the gateway. These end-to-end token providers allow you to use your existing gateway integration code.
One of the key advantages of this type of tokenization is that it uses existing technology and can be adapted at a very fast pace. It also has the advantage of modularity. Unlike gateway tokenization, modularity can be actively used for more than just credit card payments. You can use the tokenization model to connect to most APIs and tokenize data other than credit card data.
End-to-end tokenization is an evolution of gateway tokenization. This gives payment solutions the freedom to route transactions to different gateways in real-time, avoiding costly and time-consuming transfers of card data between different payment platforms.
Tokenization processes of various important payment services
A key tokenization strategy is the payment service model. This model offers a single API that, when integrated, can route payments to multiple gateways. The payment service model is best suited for companies with more complex payment needs.
This model works well when a company needs to pay in several regions or several different currencies or through several gateways. A disadvantage of the payment service model is that existing gateway embed code cannot be reused.
In addition to reduced PCI coverage and increased security, the tokenized payment service model has unique key benefits from its active use. The payment services model not only simplifies your embed code but also takes control of your tokens away from the payment gateway. Unlike gateway tokenization, tokens provided by third parties can be actively used with supported gateways.
Tokens issued by payment gateways cannot be used against competing alternative gateways. Security and compliance alone are reasons enough to implement a popular solution like the tokenization of various assets that are important to you, your company, and your customers.
The truth is that key security requirements for online payments are difficult to implement on your own. In particular, startups often choose to sacrifice security for time to market. Accepting online payments makes your business a target for cybercriminals. Hiring security experts and implementing effective tokenization processes can save your business environment valuable time and money in the long run.
Keep these practical tips in mind. Choose a reliable tokenization partner, test the tokenization, what level of protection you can achieve by working on the integration, and find a vendor that can integrate multiple gateways, methods, and services into a single integration. One of the key technologies needed to connect all payment solutions is tokenization.
A trusted provider fully controls tokens, provides redundancy, reduces PCI coverage, and improves the security standards in place in your business environment.
What can be tokenized?
The use cases for tokenization can grow endlessly. Since anything can be digitized, tokenization is often used in professional life. These are various business projects that can demonstrate the most practical examples of using tokenization.
Digitization of the company involves the creation of tokens that are closely related to a specific project. Tokenization techniques that add value to tokens can be used as an indispensable tool for automating processes in companies and as a means of financing them. Real estate tokenization is becoming more and more popular worldwide due to the following features: transaction speed, lack of intermediaries, and security.
The process of property tokenization involves issuing tokens on the blockchain network and linking them to certain properties. Thus, the investor becomes a co-owner or owner of a certain asset, the shares of which can be represented in tokens.
Using blockchain technology and a specially designed platform, it is also possible to assign unique numbers to gems and certain forms of ore to determine their authenticity.
Raw materials registered with digital numbers can then be identified by verifying their origin, properties, and associated processes. NFT tokens have the unique potential to revolutionize both the physical and digital art markets. Each NFT token has a unique, non-tradable value that allows you to express your interest in the rights to a work of art, making investing in art an easy and fast process.
During the month of November, researchers at the cybersecurity firm LookingGlass examined the most significant vulnerabilities in the financial services industry in the United States.
The company looked at assets with public internet-facing assets from more than 7 million IP addresses in the industry and discovered that a seven-year-old Remote Code Execution vulnerability affecting Microsoft Windows was at the top of the list.
According to CISA, the “Financial Services Sector includes thousands of depository institutions, providers of investment products, insurance companies, other credit and financing organizations, and the providers of the critical financial utilities and services that support these functions.”
Reports stated that the industry employs about 8 million Americans and contributes $1.5 trillion, or 7.4% of the nation’s overall GDP.
Microsoft Exchange Vulnerabilities
Over 900 times in the financial sector have been affected by a critical remote code execution vulnerability identified as (CVE-2015-1635), affecting Microsoft Windows and it has been around for seven years.
If this vulnerability is exploited successfully, a remote attacker may execute arbitrary code with system privileges and result in a buffer overflow.
The next most often exploited vulnerability was (CVE-2021-31206), which affects Microsoft Exchange Servers. Reports say in the month of November, this vulnerability was exploited 700 times in the financial services industry in the United States.
Top list of vulnerabilities in the financial services sector
“Our data holdings attribute roughly 7 million of these to the U.S. financial services sector, which includes insurance companies, rental & leasing companies, and creditors, among other subsectors”, explains LookingGlass researchers.
According to recent reports from the U.S. Department of Treasury, ransomware attacks alone cost U.S. financial institutions close to $1.2 billion in 2021, a nearly 200% increase from the year before.
The Financial Crimes Enforcement Network (FCEN) of the Treasury identified Russia as the main source of numerous ransomware variants hitting the industry in its study.
A privacy report for a 2020 Volkswagen Tiguan.
