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Cybersecurity Skills Every Financial Leader Needs
This blog highlights essential cybersecurity skills that financial leaders need to possess in order to protect their organisations from cyber threats.
VigilantPay
Jul 2, 2023
As cyber threats continue to evolve, it's important for CFOs to have a strong understanding of cybersecurity and the skills necessary to protect their organisation's financial data. Here are some cybersecurity skills that every CFO should have:
1. Risk Management: CFOs need to be able to identify, evaluate, and prioritise cybersecurity risks in order to mitigate them effectively. They should be able to understand the risk management process and be able to use it to make informed decisions about cybersecurity.2. Cybersecurity Governance: CFOs should be knowledgeable about cybersecurity governance frameworks, such as NIST Cybersecurity Framework or ISO 27001. They should be able to provide oversight to ensure that the organisation's cybersecurity strategy is aligned with business goals and regulatory requirements.
3. Cybersecurity Compliance: CFOs should be familiar with the relevant cybersecurity regulations and requirements that apply to their organisation. They should ensure that the organisation is in compliance with these regulations, and they should be able to work with internal and external stakeholders to address any non-compliance issues.
4. Incident Response: CFOs should have a basic understanding of incident response processes, including incident detection, containment, and recovery. They should be able to work with the CISO and other IT professionals to develop an effective incident response plan.
5. Cybersecurity Awareness: CFOs should be able to promote a culture of cybersecurity awareness throughout the organisation. They should ensure that all employees are trained on basic cybersecurity principles, such as password management, and they should encourage employees to report any suspicious activity or potential cybersecurity incidents.
Overall, CFOs need to have a good understanding of the risks and challenges associated with cybersecurity, and they should be able to work effectively with other stakeholders to ensure that the organisation is protected against cyber threats.
