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24 June 2022 -
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Cyber security is more than just a risk associated with the use of technology; it is about understanding the role profiles and accountability of senior leaders, as well as who is responsible for the preparation, predictions, process, and rectification when things go wrong. Over the last few years, there has been much discussion about who is responsible for cybersecurity.
It is no longer sufficient to simply protect assets, update software, and ensure that virus protection is up to date. It is increasingly becoming a business issue, with the potential to cause significant reputational damage, financial loss, and even the complete shutdown of the organization. While there are no clear areas to determine who is exactly responsible for cybersecurity responsibilities, executives are increasingly acknowledging the need for cybersecurity practices. There is still a huge disparity as to who should be responsible for keeping a watchful eye.
It is the responsibility of the government to keep its citizens safe. It's also appropriate for government officials to regulate different industries and how they use data. However, whenever new regulations are implemented, no loopholes or unintended consequences must harm the people.
It's also worth noting that governments aren't always in charge of keeping people safe from cyber-attacks and privacy violations. Companies are becoming more proactive when it comes to cyber-attacks because data breaches cost them a significant amount of money in terms of reputation, lost revenue, and potential lawsuits. But, there is a huge disparity in who should be responsible for cyber security across organizations. According to the survey of over 450 companies, nearly 40% of executives believe the board should oversee cyber, while 24% believe it should be the role of a specialized cyber committee.
Cybersecurity is the responsibility of everyone in every company, not just the coders. Because our entire world is virtual, all data is stored on a computer somewhere. Regardless of how you look at it, different organizations assign different roles to cybersecurity. This is largely determined by the organization's activities, culture, and size. When, in reality, everyone must be a good cyber steward.
Individuals must be aware of the risks associated with cybersecurity on a personal level. Internal negligence and carelessness can compromise cybersecurity just as much as external actors. Individuals must be aware of the dangers of using devices, sharing information online, and conducting any type of online business.
It is no longer an option to simply delegate cyber responsibility to the company's "experts." When it comes to following set protocols, practicing good cyber hygiene, and understanding how one's job fits into the cybersecurity landscape, all hands should be on deck. Furthermore, the CISO, CTO, and CFO must collaborate to foster an overall culture of cyber awareness, vigilance, and preparedness throughout the organization. When it comes to cyber responsibility, organizations should not think in terms of a single role, but rather of a collaborative effort across the business that takes into account factors such as the organization's size, maturity, and complexity.
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