276:(CEO), and 27% bypass the CEO and report to the board of directors. Embedding the CISO function under the reporting structure of the CIO is considered suboptimal, because there is a potential for conflicts of interest and because the responsibilities of the role extend beyond the nature of responsibilities of the IT group. The reporting structure for the CISO can vary depending on the organization’s size, industry, regulatory environment, and risk profile. However, the importance of information security in today’s businesses has raised the CISO’s role to become a senior-level position.
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specialized external executive performing this role. vCISOs typically perform similar functions to traditional CISOs, and may also function as an "interim" CISO while a company normally employing a traditional CISO is searching for a replacement. Key areas that vCISOs can support an organization include:
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Board and management team briefings and updates:vCISOs can provide regular briefings and updates to the board of directors and management team on the current cybersecurity landscape, emerging threats, and best practices. They can also assist in developing cybersecurity awareness programs and training
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Board, management team, and security team coaching:vCISOs can work closely with the board of directors, management team, and security team to provide coaching, guidance, and expertise on cybersecurity matters. This includes helping organizations understand the strategic implications of cybersecurity
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responsible for establishing and maintaining the enterprise vision, strategy, and program to ensure information assets and technologies are adequately protected. The CISO directs staff in identifying, developing, implementing, and maintaining processes across the enterprise to reduce information and
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A recent development in this area is the emergence of "Virtual" CISOs (vCISO, also called "Fractional CISO"). These CISOs work on a shared or fractional basis, for organizations that may not be large enough to support a full-time executive CISO, or that may wish to, for a variety of reasons, have a
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Advising on all forms of cyber risk and plans to address them: vCISOs can assess an organization's cybersecurity risks, develop strategies to mitigate those risks, and implement appropriate cybersecurity measures. They can also provide guidance on incident response plans, business continuity, and
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Operating and
Capital budget planning and review:vCISOs can assist in the planning and review of operating and capital budgets related to cybersecurity. This includes identifying and prioritizing cybersecurity investments, developing cost-effective strategies for cybersecurity, and ensuring that
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MBA) to manage infosec budgets, and soft-skills to direct heterogeneous teams of information security managers, directors of information security, security analysts, security engineers and technology risk managers. Recently, given the involvement of CISO with
Privacy matters, certifications like
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Vendor product and service evaluation and selection:vCISOs can assist organizations in evaluating and selecting cybersecurity products and services, such as firewalls, intrusion detection systems, and security information and event management (SIEM) solutions. They can also help with contract
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certification for an entity or a part of it). The CISO is also responsible for protecting proprietary information and assets of the company, including the data of clients and consumers. CISO works with other executives to make sure the company is growing in a responsible and ethical manner.
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Maturity modeling operations and engineering team processes, capability and skills: vCISOs can assess an organization's cybersecurity maturity level and develop plans to improve processes, capabilities, and skills of operations and engineering teams. This includes conducting cybersecurity
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Having a CISO or an equivalent function in organizations has become standard practice in business, government, and non-profits organizations. By 2009, approximately 85% of large organizations had a security executive, up from 56% in 2008, and 43% in 2006 . In 2018,
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In corporations, the trend is for CISOs to have a strong balance of business acumen and technology knowledge. CISOs are often in high demand and compensation is comparable to other C-level positions that also hold a similar
268:, information security, customer privacy, and more. As a result, there is a trend now to no longer embed the CISO function within the IT group. In 2019, only 24% of CISOs report to a
264:(GSISS), a joint survey conducted by CIO, CSO, and PwC, concluded that 85% of businesses have a CISO or equivalent. The role of CISO has broadened to encompass risks found in
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A typical CISO holds non-technical certifications (like
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101:JSTOR
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