CISOs need to consider the personal risks associated with their role
70% of cybersecurity leaders felt that stories of CISOs being held personally liable for cybersecurity incidents have negatively affected their opinion of the role, according to BlackFog.
34% believed that the trend of individuals being prosecuted following a cyberattack was a ‘no-win’ situation for security leaders: facing internal consequences if they report failings and prosecuted if they don’t.
As cybersecurity leaders face increased scrutiny from regulators, the research also indicated that the increased accountability has led to internal changes to improve cybersecurity practices within their organization: 44% of respondents stated that their organization had already implemented processes to reduce their cybersecurity exposure, as a result.
Personal liability is driving stronger board focus on cybersecurity
41% of respondents say the trend of cybersecurity leaders facing increased scrutiny and the potential of personal liability has made the board take cybersecurity more seriously. This was higher amongst UK respondents, with 47% of security leaders in the UK agreeing it was given greater consideration as a result, versus 35% in the US.
This has yet to translate into more resources, as only 10% of all respondents stated that this has resulted in additional money devoted to cybersecurity.
49% believe that the potential for an individual to be prosecuted following a cyberattack would improve accountability and transparency amongst cyber professionals. This was higher for respondents in the US (55%) compared with those in the UK (43%).
When asked about the impact on the cybersecurity leaders of the future, however, only a small proportion of respondents, 15%, believed that it would be a deterrent for IT professionals to become CISOs.
“The role of the CISO is all about managing risk for the organization but, as regulations tighten, security leaders increasingly need to consider their own personal risk. High profile instances of individuals being charged will no doubt add to the pressures they feel but could also be a catalyst for boards to support their leaders. Improvements to governance, clear lines of reporting and incident response procedures are vital, but this must be supported by allocated resources so that security leaders can implement the security measures they need,” said Dr. Darren Williams, CEO at BlackFog.