Security Leadership & Responsibility In A Borderless Digital Front

Francis Kaitano: BSc, CISSP, CISM,CISA, ITIL ,MCAD, MCSD,SCF

CSO Perspectives Roadshow 2015

A View From Davos 2015

“Many leaders in business, civil society and government realise that for the world’s economy to fully derive the value inherent in technological innovation, a robust, coordinated system of global cyber resilience is essential to effectively mitigate the risk of cyber attacks.”

Major technology trends like massive analytics, cloud computing and big data could create between US$ 9.6 trillion and US$ 21.6trillion in value for the global economy. Destructive attacks will slow innovation, with an aggregate economic impact of around US$ 3 trillion.

Source: World Economic Forum in collaboration with McKinsey &Co

The Business and Social Effects Of Breaches Are On The Rise

Source: 2014 Gemalto's Breach Level Index (BLI).

“Profit-minded criminals and ideologically driven hackers are increasingly active. Moderate attacks targeting small to medium organisation on a daily basis are the biggest threats” Director of National Intelligence James Clapper “

Hackanomics Putting Cyber Crime Into Context

Source: Centre Of Strategic & International Studies

Leading in these extraordinary times means all-hands on-deck for the CEO, COO, CRO, CTO, CIO, CISO CHRO,CDO and all functional leaders.

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“70 percent of executives from financial institutions, believe that cyber security is a strategic risk for their companies.”

“70 percent of executives from financial institutions, believe that cyber security is a strategic risk for their companies.”

Source: The rising strategic risks of cyber attacks - Tucker Bailey

The NYSE Darling

Top Leadership Skills At Every Level

Leading In Extraordinary Times

The Deep Seated Fears

“Deep seated fears and dysfunctional behaviours will always influence human beings, from the playground to the boardroom.” Roger Jones (HBR).

The concerns of looking incompetent, losing social status, reputation due to cyber security breaches are growing amongst the C-suites.

Source: PWC US CEO Survey 2015

Source: Annual Corporate Directors Survey 2014 -PWC

The world will tell you where it’s going, it will tell you what it needs, but it’s going to be in code, and so you need to be able to connect the dots. It’s important that global CEOs listen carefully to what the world’s saying, from each region, and be able to take that input and piece it together to formulate a vision, a strategy, and the tactics of how his or her particular company is going to take advantage of where the world is going. And the ability to decode the messaging is going to be extremely critical.

- Rodney O’Neal, CEO and President of Delphi Automotive Systems LLC

Cyber Security Is Now A Big Strategic Driver

Most leaders world wide agree that digital technologies create high value to the business butSecurity should be at the forefront for sustainability.

Source: The rising strategic risks of cyber attacks - Tucker Bailey

A Time For Leaders Take Responsibility

“Until we weave cyber security into board level discussions on topics such as mergers, acquisitions product launches and the other core business decisions we will not create the sustainable model of cybersecurity management that the evolving threat demands.” Larry Clinton Internet Security Alliance President.

"Ninety percent of directors participating in our latest governance survey indicated they would like to improve their understanding of cyber security risk," said Ken Daly, NACD president and CEO. “www.NACDonline.org/Cyber

Smart Leadership Is All That Is Required For The Success Of Cyber Security Moving Forward

•The risk of cyber attacks is another area that can directly affect both operations and the broader brand or business reputation.

•Connected devices; customers; employees and industries are getting smarter. Leaders need to get smarter by being continuous learners and orchestrators of the role of security in enabling competitive and resilient organisations of tomorrow.