As of 2023, 100% of Fortune 500 companies had a CISO role or its equivalent. This figure was only 70% in 2018. It marks the unmistakable trend in the business world that CISOs are emerging as vital organizational bridge builders tasked with connecting the often-siloed worlds of security and business to foster a robust cybersecurity culture that permeates all levels of the organization.
However, this does not come without its own challenges. CISOs often encounter resistance from business leaders who may prioritize short-term gains over long-term security investments and grapple with the complexities of aligning security measures with business agility.
In this article, we explore the evolving role of the CISO and examine the key strategies and challenges involved in fostering a robust cybersecurity culture.
The Evolving Role of the CISO
Over the years, as more organizations began to recognize and embrace the role of the CISO, the job description of the average CISO changed. Today’s CISOs are expected to be more than just technical experts; as executives, they must be skilled communicators, negotiators, and business strategists.
The increasing complexity of the cyber threat landscape drives this shift. So, modern CISOs now have a major responsibility to understand business goals and align cybersecurity investments with overall corporate objectives. Specifically, business acumen is now considered a key requirement for CISO success.
That is, CISOs need to be able to effectively demonstrate the impact of cyber risks on business outcomes and build strong relationships with key stakeholders, both within and outside the organization. As such, CISOs are not just experts in technical knowledge; they must be able to drive strategic organizational change.
Bridging the Gap Between Security and Business Needs
Cybersecurity is a critical business risk that requires a strategic and integrated approach. This is where the CISO needs to be able to think creatively and demonstrate adaptive capabilities in order to successfully close the historical gap that has relegated cybersecurity considerations in business decisions.
- Frame Security Discussions in Terms of Business Impact
CISOs must be able to articulate the potential financial, operational, and reputational consequences of cyber risks in a way that resonates with business leaders. This requires a deep understanding of the organization’s business goals, key assets, revenue streams, supply chains, and so on.
Translating vulnerabilities into tangible business risks enables CISOs to demonstrate the value of security investments and gain the needed buy-in for stakeholders who might not have a strong technical background. For instance, a CISO might highlight how a data breach could lead to regulatory fines, customer churn, and damage to brand reputation, ultimately impacting the bottom line.
- Proactively Engage with Business Leaders as Advisors
Instead of waiting for security breaches to occur so as to save the day, CISOs need to actively participate in strategic planning discussions, offering insights on cyber risks associated with new business initiatives, mergers and acquisitions, digital transformation projects, business expansion visions, and so on.
By understanding and maintaining active involvement in the development of the organization’s strategic priorities, CISOs can anticipate potential cyber risks and develop proactive mitigation strategies that align with business objectives. This requires regular communication with other executives as well as the board of directors.
- Empower Employees to be Active Participants in Cybersecurity
This section started by talking about strategic, top-down initiatives to build a cyber resilient culture for a good reason. Much advice on cybersecurity culture focuses too much on the people without addressing the role of an executive responsible for setting the tone throughout the company that others will then follow.
Not to gloss over the real issue though, which is human error. In fact, 74% of CISOs identify human error as the most significant vulnerability they have to deal with.
Once the strategic buy-in is secured, besides providing employee security training, which is obvious, CISOs can further promote employee engagement by establishing clear communication channels, providing regular security updates, and incentivizing individuals who demonstrate adherence to strong security practices.
Navigating Challenges and Building Trust
As established in this piece, CISOs wear many hats, and that inevitably means that they are set up for unique challenges in fulfilling their bridge-building responsibilities. Building trust with stakeholders is crucial to overcoming these obstacles.
- Communicating Cybersecurity ROI and Value to Non-Technical Stakeholders: This difficulty arises from the inherent challenge of quantifying the value of preventative measures, which are designed to prevent negative events that may not have occurred anyway.
- Translating Technical Concepts into Business-Relevant Language: CISOs need to tailor their communication style and content to resonate with the specific needs and interests of diverse stakeholders, including the board of directors, other C-suite executives, and employees across different departments.
- Establishing Credibility and Building Trust with Business Leaders: Historically, cybersecurity has been viewed as a purely technical domain, often siloed within IT departments. CISOs need to overcome this inherent lack of credibility and trust among leaders who many not fully appreciate the importance of their role or the value of their expertise.
- Securing Adequate Resources and Budget Allocation: According to research, 12% of CISOs had their security budgets cut in 2024. Budget constraints often limit CISOs’ abilities to invest in necessary technologies, hire and retain qualified personnel, and provide adequate security awareness training, especially when they have to compete with other business priorities that promise more immediate and tangible returns.
- Addressing the Cybersecurity Skills Shortage: It’s one thing to have a vision as a CISO, and it’s another to have the human resources to execute it. Currently, the shortage of cybersecurity talents hampers the efforts of CISOs to implement adequate security controls.
- Managing Complex Compliance and Regulatory Frameworks: CISOs must navigate a whole web of industry-specific regulations, state and national cybersecurity laws, international standards, and so on. This can be resource-intensive, especially for organizations with interests in multiple jurisdictions or operating in sensitive industries.
- Balancing Security Needs with Business Agility and Innovation: Some individuals already view cybersecurity as too stifling of innovation and business change. So, CISOs must find a delicate balance so as not to implement overly restrictive security controls that will prevent the organization from meeting business needs.
Conclusion
As cyber threats grow more sophisticated and pervasive, CISOs are increasingly recognized as vital figures in safeguarding not only digital assets but also the organization’s overall well-being and future success. So, building a strong cybersecurity culture will require CISOs to expand their capacity and adopt a strategic, multi-faceted approach.