Global Data Diaries | March 18, 2022

Updated: Apr 6

View from Peter Lancos, CEO

"Welcome to eXate's Global Data Diaries. This week we will focus on the importance of the involvement of the senior management on security and ways to get the board on board."

Almost all organisations recognise security concerns and are making fastidious efforts to mitigate them. However, companies face a lot of revenue leakages such as maintenance of assets, reimbursements, fines due to lack of compliance to regulations etc. Due to this, it is often challenging to convince the senior management that security and privacy are indeed serious issues that need attention, even if they do not create any revenue and/or business value.


It is important for every organisation to have a set of preventive and reactive measures in order to stay prepared in the event of a cyber-attack. Top-down leadership is essential for creating a fool-proof cyber-resilient culture, but the board’s inaction is a key reason why many organisations fall short of good security measured and tools. There is also the issue of “whose real problem is security?”. More often than not, there is a lot of finger-pointing between the tech team and the management when it comes to taking responsibility for cyber security. In reality, it is everybody’s problem.


A few ways for getting the management on board with cybersecurity includes:

  • Everyone in the organisation takes responsibility of their data and their clients’ data.

  • All employees, including the senior management, are trained and oriented with cyber risks.

  • Organisations track security-related Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs).

  • Measure, track, analyse and visualise the KPIs and KRIs.

We, at eXate, aim to address hard privacy problems companies are trying to solve. To learn more about PETs and Data Privacy, visit our website here. Book a free demo with us to explore our Value Proposition and our platforms.

 

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