The pandemic has highlighted the need for cloud preparedness and digital transformation among today’s corporate executives. This new post-pandemic normal is causing companies to make choices more quickly while protecting business continuity and data protection.
The rising use of remote work and cloud computing is putting Chief Information Security Officers (CISOs) in charge of protecting against the radical shift in supporting digital transformation (DX) and cloud computing efforts.
As businesses begin to recover from the pandemic, it is up to the CISOs to ensure that a solid business foundation establishes to allow markets and organizations to navigate through these shifts.
Cloud Computing Adoption to Meet Demands
Most organizations are turning to digitalization, which has created a need for cloud adoption, increasing cloud investment by 37% to $29 billion in the first half of 2020. And these technological developments will continue to expand new prospects in the industry. However, as work grows more distributed, so does the need to maintain cyber hygiene by monitoring risks, as companies report a 47% rise in cyberattacks.
The increased use of cloud services necessitates a cybersecurity-focused culture, which can be advantageous in risk management. It is why most CISOs are shifting their attention to a business focus to ensure the successful implementation of new digital projects.
The CISO’s Role in Tackling Cyber Risks:
To align business processes to cloud computing and detect shadow IT applications, CISOs must regularly collaborate with LoB executives. Because of the increasing demand, most firms have recruited or intend to hire a CISO with higher cloud computing capabilities. And another 53% have hired or plan to engage a business information security officer (BISO) to collaborate with LoB managers to ensure secure business operations.
The CISO is in charge of selecting, installing, and managing the required security measures to support the company while keeping cyber threats in mind.
The main issue here is to provide a unified and cohesive security approach across the whole technology portfolio. At the same time as fulfilling disparate business objectives, these executives must rationalize and turn cloud ecosystems into an integrated and scalable security stack.
And his requires a high-performance data pipeline, API integration between tools, and process automation for immediate response to incidents and risk mitigation. Businesses must first instill a security culture to strike the proper balance between allowing cloud services and securing critical transactions and data.