Cybersecurity – a financial risk
Cybersecurity – a financial risk
The Harvard Business Review recently called out CFOs as being out of touch with vast tracts of what they need to know about cybersecurity.
The thinking being that CFOs don’t tend to worry about a cyber incident until it happens to their own organisation. At Trusitfy, we think it’s better to be on the front foot and prepared for this eventuality.
The role of the CFO in relation to cyber risks is not to be underestimated.
None of these elements is a small task – in particular the vast exercise that could be needed to understand the third one – the impact of a cyber incident on your business.
The Harvard Business Review recently called out CFOs as being out of touch with vast tracts of what they need to know about cybersecurity.
The thinking being that CFOs don’t tend to worry about a cyber incident until it happens to their own organisation. At Trusitfy, we think it’s better to be on the front foot and prepared for this eventuality.
The role of the CFO in relation to cyber risks is not to be underestimated.
None of these elements is a small task – in particular the vast exercise that could be needed to understand the third one – the impact of a cyber incident on your business.
At the heart of the CFO’s role are:
The need to understand the cost/benefit of certain levels of cybersecurity
A deep understanding of the costs and benefits of your organisation’s cybersecurity insurance policy;
The likely financial impact of a cyber breach on sales (both in the short and medium term); and
Supporting the CEO in relation to the running of a cyber incident.
The challenge is that you are going to be asked to do this at short notice when (not if) a cyber incident happens.
The challenge is that you are going to be asked to do this at short notice when (not if) a cyber incident happens.
Our sense is that cyber attacks on your organisation are just the new normal and you need to start treating countering those attempts to derail your business as doing business as usual.
Trustify can help you to choose the right approach for your organisation. Our Professional Services team has an unrivalled track record in providing bespoke solutions for clients.
Our sense is that cyber attacks on your organisation are just the new normal and you need to start treating countering those attempts to derail your business as doing business as usual.
Trustify can help you to choose the right approach for your organisation. Our Professional Services team has an unrivalled track record in providing bespoke solutions for clients.
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For SMEs
We provide products for start-ups and smaller accountants, insurers and retailers, medium-sized law firms and financial services companies, for schools and biotechs.
For Enterprise
We’re trusted to solve cyber-security for major organisations across the public, insurance, financial services, legal, pharmaceutical and accountancy sectors.