{"id":53639,"date":"2023-09-12T00:00:00","date_gmt":"2023-09-12T00:00:00","guid":{"rendered":"urn:uuid:408260d6-1015-3be6-fdb7-1c8b2aba3bce"},"modified":"2023-09-12T00:00:00","modified_gmt":"2023-09-12T00:00:00","slug":"managing-cyber-risk-for-cisos-under-pressure","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/managing-cyber-risk-for-cisos-under-pressure\/","title":{"rendered":"Managing Cyber Risk for CISOs Under Pressure"},"content":{"rendered":"

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CISOs face a perfect storm of challenges. The enterprise shift to unbounded IT environments is driving the need for new cyber risk management approaches. So is the upsurge in generative AI<\/a>. Multiplying threats seem to have unlimited scalability, but cybersecurity budgets and teams do not. And the C-suite and corporate boards are asking more questions about enterprise security posture than ever before.<\/p>\n

It’s no surprise many CISOs say they\u2019re overwhelmed<\/a> by the expectations placed on them. How can they ease the strain while successfully managing threats, prioritizing risks, and raising the visibility of cybersecurity throughout their organizations?<\/p>\n

Season 2 of Trend Micro\u2019s #MondayMinutes<\/a> video series aims to answer those questions and more, tackling the challenges faced by today\u2019s security leaders. Each short, insightful video hosted by Trend Micro\u2019s Andrew Philp looks at a different aspect of the security landscape, pulling in perspective from executive experts and special guests.<\/p>\n

Here’s what you\u2019ll find in Season 2:<\/p>\n

E01: Aligning Risk Management to Cyber Risks and Exposures<\/span><\/p>\n

Ransomware grabs headlines and provokes corporate anxieties but it\u2019s hardly the only threat CISOs need to address. That\u2019s why Trend Micro Global Chief Technology Strategy Officer David Chow advocates taking a holistic view of cyber risks.<\/p>\n

Being holistic means looking at all potential vulnerabilities associated with people, processes, and technologies. The goal is to create alignment between an organization\u2019s cybersecurity posture and its overall risk management approach, putting cybersecurity into strategic terms that boards and executives understand. Since no business has unlimited financial or human resources, David explains the holistic approach also requires smart use of tools to boost capacity and scale up cyber defenses.<\/p>\n

Watch now<\/a><\/p>\n

E02: C-level Visibility Into Cyber Risks<\/span><\/p>\n

Singapore\u2019s ST Logistics has a significant government customer base, making reliable cybersecurity an absolute necessity. Eric Sim, the company\u2019s Chief Technology Officer and Chief Information Officer, draws on ST Logistics\u2019 lessons learned to shed light on how CISOs can make risks more visible, prioritize resources, and spread cybersecurity awareness throughout their organizations.<\/p>\n

Learn about the company\u2019s structured approach to classifying and prioritizing risks, and its emphasis on continual monitoring and reporting. If there\u2019s one mantra inspired by this discussion, it\u2019s visibility, visibility, visibility<\/i>: the more that\u2019s seen, the more can be shared\u2014up to the highest levels of corporate decision-making.<\/p>\n

Watch now<\/a><\/p>\n

E03 (Part 1): Impacts of Privacy Data Breaches<\/span><\/p>\n

A single cybersecurity event involving private customer data can wreak havoc on a company\u2019s brand reputation, damaging trust and credibility in ways that are enormously difficult to come back from.<\/p>\n

Trend Micro\u2019s David Chow discusses some of the bottom-line impacts of private data incidents including market share loss, stock price declines, and customer churn as buyers seek more reliable service elsewhere. That\u2019s not to mention the regulatory fines that may be levied or the obligation, at least in the U.S., for breached companies to monitor potential harms to customers for two years\u2014at their own expense.<\/p>\n

Watch now<\/a><\/p>\n

E03 (Part 2): Impacts of Privacy Data Breaches \u2013 People, Process, Technology<\/span><\/p>\n

David Chow shares his thoughts on what CISOs can do to mitigate the risk of privacy breaches, noting that with the right security tools and capabilities and a culture of cybersecurity awareness, businesses can prevent breaches from happening in the first place.<\/p>\n

In this \u2018people, process, technology\u2019 approach, the people\/culture piece requires training, reinforcement, and a commitment to accountability. Process-wise, it\u2019s important to assess new capabilities before they are deployed and communicate transparently when issues occur. It\u2019s also essential to have the right security technologies deployed to support a zero-trust framework.<\/p>\n

Watch now<\/a><\/p>\n

E04: Zero Trust \u2013 Balancing Adoption and Practicality<\/span><\/p>\n

Is zero trust realistic? Hani Arab, zero-trust PhD candidate and CIO of Australia\u2019s Assetlink, says the answer is \u201cyes\u201d, explaining that zero trust does not insist on any one specific implementation but rather provides a strategy for organizations to follow\u2014rooted in the principle, \u201cNever trust, always verify.\u201d<\/p>\n

Hani runs through the five pillars of zero trust and talks about the ways each organization\u2019s risk tolerance will color its specific zero-trust approach. Tailoring zero trust to a company\u2019s unique needs requires assessment so that CISOs can base their decisions on complete knowledge of the assets they have to protect and the liabilities they face.<\/p>\n

Watch now<\/a><\/p>\n

E05: Artificial Intelligence \u2013 Maximizing Potential, Minimizing Risk<\/span><\/p>\n

Edwin Hernandez spends a lot of time thinking about AI in his role as Division Technology and Strategic Executive at MIT Lincoln Laboratory. He believes the healthcare sector is uniquely positioned to pioneer a truly global AI platform because of the worldwide scale of available datasets\u2014but not without comprehensive cyber risk analysis and cybersecurity approaches to ensure data privacy.<\/p>\n

AI cybersecurity starts right at the training stage, taking care to ensure a machine\u2019s learning datasets don\u2019t include private or sensitive data that could be exposed accidentally as it starts to generate outputs. Edwin recommends adopting a strong, well-defined, end-to-end cybersecurity framework for AI that aligns with industry standards and regulations.<\/p>\n

Watch now<\/a><\/p>\n

E06: Sailing Through Economic Headwinds in Cybersecurity<\/span><\/p>\n

Just as the weather doesn\u2019t always respect couples\u2019 wedding plans, global economic conditions aren\u2019t always sympathetic to the need for cybersecurity. Mick McCluney, Trend Micro Technical Director for Australia and New Zealand, and David Chow discuss how modern, mature extended detection and response (XDR) technologies can help enterprises do more with less in times of \u2018economic headwinds\u2019, when pressures are high to control costs.<\/p>\n

XDR\u2019s data analytics, case management capabilities, and opportunities for automation speed up cybersecurity tasks and support unified cybersecurity approaches for much-needed cost efficiencies that are especially important given today\u2019s cyber skills shortages. Strategic use of managed services can further help strike the right\u2014and affordable\u2014balance between automation and human expertise.<\/p>\n

Watch now<\/a><\/p>\n

E07: Cybersecurity Risk Management: Balancing Risk and Finite Budgets<\/span><\/p>\n

No organization has unlimited resources to dedicate to cybersecurity, but many today are feeling particularly crunched with finite budgets set against mounting vendor costs. Yet as returning guest Edwin Hernandez remarks: \u201cYou can\u2019t afford to have <\/i>a cybersecurity incident.\u201d<\/p>\n

What\u2019s the solution? Hernandez and Trend Micro\u2019s David Chow talk through the importance of having a clear risk-management framework understood throughout the entire organization, making cybersecurity a collective responsibility versus the job of one \u201ccost center\u201d alone. A framework also allows for smart prioritization\u2014knowing which risks really matter, and where investments are most needed. Hernandez also underscores the need to structure organizational budgets so that cybersecurity is an overall priority because, at the end of the day, \u201cYou have to invest.\u201d<\/p>\n

Watch now<\/a><\/p>\n

Next steps<\/span><\/p>\n

For more Trend Micro thought leadership on cyber risk, check out these other resources:<\/p>\n

Read More HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Overworked CISOs are struggling to deliver the cybersecurity results their organizations expect. Fortunately, there are concrete and practical ways they can make their lives easier\u2014while managing cyber risk effectively. Read More HERE…<\/p>\n","protected":false},"author":2,"featured_media":53640,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[61],"tags":[9621,9550,9527,9529,10630],"class_list":["post-53639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trendmicro","tag-trend-micro-ciso-blog","tag-trend-micro-ciso-detection-and-response","tag-trend-micro-ciso-expert-perspective","tag-trend-micro-ciso-risk-management","tag-trend-micro-ciso-zero-trust"],"yoast_head":"\nManaging Cyber Risk for CISOs Under Pressure 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security & Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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