The ongoing tension between Chief Information Security Officers (CISOs) and Chief Executive Officers (CEOs) centers on the inadequate funding for cybersecurity, with security budgets typically comprising only 5.7% of total IT budgets. This financial shortfall limits the ability to hire skilled personnel and update crucial cybersecurity tools, with recent studies showing that budget constraints have become the leading factor in the cybersecurity skills gap. Additionally, the dynamic between CISOs and CEOs can transform how cybersecurity is viewed within organizations, particularly when it is framed as essential to business operations. Effective CISO communication of cybersecurity's business value can facilitate better budget negotiations. Recent SEC regulations have further underscored the necessity for robust cybersecurity risk management and proper funding, now requiring organizations to disclose their cybersecurity practices.

CISOs Urge CEOs to Boost Cybersecurity Budgets Amid Skills Crisis Security Intelligence

The average tenure of CIOs has decreased significantly, with most serving three to five years, according to a report by Computer Weekly. This decline, contrasted with the longer tenures of CEOs and CFOs, reflects the rapid changes in technology leadership roles and the demands of digital transformation. The 2024 Nash Squared Digital Leadership Report reveals that over 70% of CIOs have been in their positions for less than five years, with nearly 40% serving for two years or less, indicating an increase in turnover since 2018. However, 17% of CIOs still maintain long-term roles spanning a decade or more, suggesting that some leaders successfully navigate the challenges of the technology landscape.

CIO Tenures Plummet: Average Now Just Three to Five Years Becker's Hospital Review

Ascension hospitals experienced a significant ransomware attack affecting approximately 5.6 million individuals, with the breach dating back to February 29. The organization discovered the incident in May after detecting unusual network activity, leading to patient transfers to nearby facilities. Ascension has since engaged third-party experts to assess the damage and is notifying those impacted while offering complimentary credit monitoring and identity protection services. The compromised data may include medical records, payment details, insurance information, and government IDs, although there is no evidence that Electronic Health Records were accessed. Cybersecurity expert Kaustubh Medhe classified the breach as a "category one" data breach.

Massive Ransomware Attack Affects 5.6 Million at Ascension Hospitals KWCH

A coalition led by Intermountain Health, including partners like Microsoft and Epic Systems, has been formed to tackle the difficulties facing rural healthcare systems, such as financial instability and an aging population. Launched in 2023, the coalition aims to collect data to understand specific challenges before proposing solutions. Key areas of focus include leveraging technology to streamline operations, enhance telemedicine accessibility, and support clinical decision-making, while also addressing the affordability of these technologies through new financial models with West Health and Gates Ventures.

Coalition Unites Tech Giants to Revitalize Rural Healthcare Systems Becker's Hospital Review

The ongoing tension between Chief Information Security Officers (CISOs) and Chief Executive Officers (CEOs) centers on the inadequate funding for cybersecurity, with security budgets typically comprising only 5.7% of total IT budgets. This financial shortfall limits the ability to hire skilled personnel and update crucial cybersecurity tools, with recent studies showing that budget constraints have become the leading factor in the cybersecurity skills gap. Additionally, the dynamic between CISOs and CEOs can transform how cybersecurity is viewed within organizations, particularly when it is framed as essential to business operations. Effective CISO communication of cybersecurity's business value can facilitate better budget negotiations. Recent SEC regulations have further underscored the necessity for robust cybersecurity risk management and proper funding, now requiring organizations to disclose their cybersecurity practices.

CISOs Urge CEOs to Boost Cybersecurity Budgets Amid Skills Crisis Security Intelligence

The average tenure of CIOs has decreased significantly, with most serving three to five years, according to a report by Computer Weekly. This decline, contrasted with the longer tenures of CEOs and CFOs, reflects the rapid changes in technology leadership roles and the demands of digital transformation. The 2024 Nash Squared Digital Leadership Report reveals that over 70% of CIOs have been in their positions for less than five years, with nearly 40% serving for two years or less, indicating an increase in turnover since 2018. However, 17% of CIOs still maintain long-term roles spanning a decade or more, suggesting that some leaders successfully navigate the challenges of the technology landscape.

CIO Tenures Plummet: Average Now Just Three to Five Years Becker's Hospital Review

Ascension hospitals experienced a significant ransomware attack affecting approximately 5.6 million individuals, with the breach dating back to February 29. The organization discovered the incident in May after detecting unusual network activity, leading to patient transfers to nearby facilities. Ascension has since engaged third-party experts to assess the damage and is notifying those impacted while offering complimentary credit monitoring and identity protection services. The compromised data may include medical records, payment details, insurance information, and government IDs, although there is no evidence that Electronic Health Records were accessed. Cybersecurity expert Kaustubh Medhe classified the breach as a "category one" data breach.

Massive Ransomware Attack Affects 5.6 Million at Ascension Hospitals KWCH

A coalition led by Intermountain Health, including partners like Microsoft and Epic Systems, has been formed to tackle the difficulties facing rural healthcare systems, such as financial instability and an aging population. Launched in 2023, the coalition aims to collect data to understand specific challenges before proposing solutions. Key areas of focus include leveraging technology to streamline operations, enhance telemedicine accessibility, and support clinical decision-making, while also addressing the affordability of these technologies through new financial models with West Health and Gates Ventures.

Coalition Unites Tech Giants to Revitalize Rural Healthcare Systems Becker's Hospital Review