There’ s a view that Finance Directors don’t tend to worry about cybersecurity until an incident it happens to their own organisation.
Given that cyber is now a question of when (and how often) not if, we think that it’s time for Finance Directors to get proactive in their preparation for cyber incidents.
There’ s a view that Finance Directors don’t tend to worry about cybersecurity until an incident it happens to their own organisation.
Given that cyber is now a question of when (and how often) not if, we think that it’s time for Finance Directors to get proactive in their preparation for cyber incidents.
The role of the Finance Director on cybersecurity is different to other board-level individuals. Whilst others may focus on prevention and cure, on communicating what’s happened and what needs to happen, the FD is primarily concerned with:
- The cost/benefit of the firm’s approach to cybersecurity;
- A deep understanding of your organisation’s cybersecurity insurance policy; and
- The likely financial impact of a variety of cyber incidents.
Additionally, in our experience, the FD is often well placed to take a slightly removed approach to advising the CEO on handling a cyber incident.
The idea that smaller organisations are less prone to cyber attacks is undermined by the statistics from the industry. The fact is that most smaller organisations go out of business within 12 months of a cyber incident.
Please take a look at how Trustify can help small to medium-sized organisations like yours to prepare for a cybersecurity breach and then proposer afterwards.
The role of the Finance Director on cybersecurity is different to other board-level individuals. Whilst others may focus on prevention and cure, on communicating what’s happened and what needs to happen, the FD is primarily concerned with:
- The cost/benefit of the firm’s approach to cybersecurity;
- A deep understanding of your organisation’s cybersecurity insurance policy; and
- The likely financial impact of a variety of cyber incidents.
Additionally, in our experience, the FD is often well placed to take a slightly removed approach to advising the CEO on handling a cyber incident.
The idea that smaller organisations are less prone to cyber attacks is undermined by the statistics from the industry. The fact is that most smaller organisations go out of business within 12 months of a cyber incident.
Please take a look at how Trustify can help small to medium-sized organisations like yours to prepare for a cybersecurity breach and then proposer afterwards.
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We provide products for start-ups and smaller accountants, insurers and retailers, medium-sized law firms and financial services companies, for schools and biotechs.
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We’re trusted to solve cyber-security for major organisations across the public, insurance, financial services, legal, pharmaceutical and accountancy sectors.