A CEO has critical role in safeguarding the operations of a company. In the 21st century cyber threats cause non-conventional security risks to the daily procedures of an organization that need to be minimized. In order to realize risk reduction CEOs have to consider and be proactive regarding cybersecurity readiness. It is essential to establish and keep up a security-minded culture across the organization including the members of the board, all the employees, contractors and even vendors. Investing into a new procurement system or a CRM software always includes employee training. The same is true when it comes to the latest security technologies. Without providing the necessary tools to the stakeholders, the investment can’t be maximized. The most advanced firewalls and intrusion detection systems won’t hold back an administrative assistant to give out passwords or a business analyst to click on malicious links if they don’t know what to look for. A security-minded organizational culture starts with the CEO as the CEO has to first understand the potential cyber threats that are unique to their organization. A large bank in the Nordics has different threat posture and security needs than an energy company in the Middle East. It is essential for a CEO to have a realistic understanding of cyber risks, the likelihood of being compromised and the potential impact of a breach. With the help of cyex this activity can be done in an easy and cost-effective way regarding the human factor that receives not enough attention among the technical solutions and security controls. Our continuous and personalized cyber simulations provide cyber routine and support all users to implement security practices in order to become the biggest asset and an advocate of security.
Traditionally CFOs are responsible for delivering a prosperous return on investment, sustaining the shareholder value and managing financial risks. When it comes to cybersecurity and the results of an attack, the latter is about the potential costs of a breach that are usually underestimated by the executives of a company. The complexity of cybersecurity needs CFOs who are not just able to evaluate the costs and investments on cybersecurity but can ensure that the budget for cybersecurity is allocated to have the biggest impact on business priorities, data protection and cyber resilience. As no one can build protection against every possible risk, the smartest and most responsible way from a financial perspective is to focus on critical security gaps and discover solutions that integrate and safeguard against broad categories of risk. With this mindset a CFO can prioritize cyber training and education as employees play an important role in most cyberattacks. The easiest way to handle cyber risks is to invest into the latest security technologies and leave out the stakeholders who have nothing to do with these systems but who are still a part of the cybersecurity arsenal. This approach leads to a false sense of security as firewalls and DDoS protection tools do not provide comprehensive training and education for users to help them avoid cyber threats and minimize the risks. The implemented realistic simulations of cyex help decision makers to fully understand the risk exposure of the human factor within the cybersecurity posture of the company. The high level of personalization opportunities ensures that the weakest points, the newest threats and the maximization of return on investment can be prioritized during the continuous micro-learning sessions in the cyex platform.