AUGUST - 202319 BY YAROTH CHHAY, SENIOR VICE PRESIDENT & HEAD OF INFORMATION SECURITY DIVISION, ACLEDA BANK PLC., CAMBODIAToday, manufacturers and most industries are investing in Industry 4.0 innovation and leveraging cutting-edge automation, AI, and hyper-connected infrastructure technologies to compete in a global market for their competitive business advantage.The increasing use of AI/ML/DL technologies and soaring demand for Cloud Computing, IoT (Internet-of-things) & EoT (Enterprise-of-things) devices are likely to strengthen market progress and modernize their digital products and services. Modern technologies are more vulnerable and expose critical services to cyber risks, leading to cyber-attacks and could significantly disrupt the process of business transformation and business strategy. Hence, it requires a high level of multiple security measures to manage and mitigate these risks into an acceptable level of business risk appetite and consideration for alternative solutions to control the risk and enable critical business processes to move forward. "Cybersecurity is everyone's responsibility and cannot be a one-person/individual expert to show or fix security alone, neither today nor tomorrow."What significant roles of CISO or Cybersecurity leaders come into play to enable business processes?In the last few years, CISOs or security leaders were only required to be technical experts, but the situation has changed. Now, the roles of a CISO are unique, dynamic, diverse, and challenging. They are required to develop traits that go well beyond the technological stack. In an organization, we are positioned to set a security strategy for operational and tactical security implementation, including cybersecurity and privacy, and data asset protection, while ensuring that the cyber risk is kept at an acceptable level. Our ultimate goal is to ensure security and privacy compliance risks are mitigated and maintained by securing and protecting the organization's critical business processes from security threats, data breaches, and other cybersecurity events.As a leader, CISO or security leader needs to set the vision, build a strategy that aligns with the business goal, and ensure that there is no misunderstanding about the goal. Our primary focus is to understand the business strategy and addresses the security challenges, and prepare the organization with the right sets of tools, skills, and capabilities to defend against security risks. The road to success is not a cakewalk, as there are many hurdles to achieving the goal. Digital transformation in business has increased the complexity of IT architectures and has added new risks within an organization. To overcome all these struggles, CISOs or security leaders need to understand business context requirements and adapt themselves to the modern security perspective and flexible cybersecurity frameworks and approaches to transform cybersecurity into a business function and enable business growth. CXO NSIGHTSCybersecurity is not an IT issue. It is a business issue that affects the company's bottom line. It can drive up the cost, affect revenue, and also disrupt the ability to innovate and gain or maintain customersA CISO'S PERSPECTIVE, HOW DO YOU COLLABORATE AND UTILIZE CYBERSECURITY VALUE WITH YOUR PEERS/STAKEHOLDERS AND INFLUENCE THE ORGANISATION?
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