Information/Cyber Security And The CFO – What To Consider, When And Why

 

As cyber crime continues to escalate and corporate information becomes less and less secure, IT is becoming more and more of a C-Suite concern.  Leading information security firm educating CFOs on financial ramifications, opportunity, and when and why to prepare.

 

Augusta, GeorgiaJuly 18, 2017 – Rendition Infosec, the nation’s leading provider of information security solutions and consultation, today announced that the recent spike in cyber crime poses a significant concern for today’s CFOs, but, more importantly, it also poses an even more significant opportunity for CFOs to positively impact the bottom line.

“While there is a threat, there is also a very good opportunity for CFOs to evaluate and act on,” says Jake Williams, Founder and President of Rendition Infosec.  “As a provider of information security solutions, it can be difficult because a lot of organizations don’t believe a threat is real until the company has been breached and costs go through the roof.  The most important thing to know is that the time to prepare is before an incident occurs.”

The most important step in preparing in advance of an incident is for the CFO to work with their management peers to hire a top-notch CRO (Chief Risk Officer) that can clearly identify where the company’s data is and how well the company is prepared to respond in the event of a disaster/breach.  A talented CRO will also know what information needs to be protected and at what level because not all information needs to be protected the same.

Even with a talented CRO in place, cyber criminals are working 24/7 to devise their next attack and it’s not a matter of if they will get through, but a matter of when they will get through.  With that in mind, another very cost-effective way to ensure that an organization is prepared is to develop a playbook with step-by-step instructions for each task that will be encountered when handling an incident.  Additionally, developing a playbook is not overly time consuming and will pay for itself many times over when the next attack occurs and actually decreases costs when it comes time to hire an Incident Response (IR) contractor.

Things for the CFO to consider include:

  • Understand the technology so they are prepared to hire the right CRO and IR contractors
  • Trust their IT staff – And if they don’t, find staff that they can trust
  • Know what the potential for impact is and prepare accordingly
  • Be confident that they can recover from a ransomware attack or other type of breach
  • Know the difference between electronic data and kinetic (physical) data
  • When considering the previous five points, always know how the organization will work with the right CRO and IR contractors to most effectively reduce costs and overall risk to the organization

“By taking these few easy, yet important steps, today’s CFO can significantly impact the bottom line,” continues Williams.  “Yes, there will be an expense upfront, but that expense is minimal compared to when an unprepared organization is breached.  Again, the time to prepare for a breach is before it happens.”

About Rendition InfoSec

Since its inception in 2013, Rendition InfoSec has provided Incident Response (IR), as well as preventive network security services to leading government and corporate agencies worldwide, ultimately ensuring complete network security and peace-of-mind.  For more information, please call 888-409-5811, email inquiry@renditioninfosec.com or visit www.renditioninfosec.com.

 Contact

Peter Nilsson
Performance Public Relations for Rendition Infosec
pr@renditioninfosec.com
858-880-5466