CFOs Take Charge: Leading the Charge in Cybersecurity Defense
PYMNTS
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Contributed by: Drex DeFord
Summary
Chief Financial Officers (CFOs) are taking on greater responsibilities in cybersecurity, recognizing that safeguarding against cyber threats and data breaches is essential for maintaining financial stability and protecting sensitive information. As organizations undergo digital transformation, CFOs must collaborate with Chief Information Officers (CIOs) and Chief Information Security Officers (CISOs) to integrate cybersecurity into the broader business strategy, emphasizing proactive risk management. With financial data becoming a prime target for cybercriminals, ensuring the security of transactions and sensitive information has become a crucial priority for CFOs to prevent significant financial losses and regulatory issues.
