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Cyberthreats: A Bullet Aimed at the Bottom Line

Anne Bisagno

30 SECOND READ

CFOs no longer believe that cyberattacks are exclusively a problem for the IT department to handle. In fact, a recent Deloitte survey shows they consider cyberattacks one of the greatest threats to a company's financial health. Meanwhile, a new Grant Thornton report on CFO involvement in security indicates that CFOs have ultimate responsibility for security at 38 percent of organizations. The same report shows that nearly half of executives think the biggest barrier to developing an enterprise-wide cybersecurity strategy is an inadequate understanding of cyber risks and their impacts.

 

If you're a CFO who believes the security buck stops at your desk, our guide to the 5 Critical Elements of Risk Assessment will help you develop a plan for staying on top of new threats while implementing protections that balance affordability and effectiveness.

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