In today’s fast-paced business landscape, data security is a top priority, especially for CFOs and CIOs. Abhesh Kumar from Springline Advisory argues the risks associated with siloed operations can lead to significant vulnerabilities in data management and cybersecurity. By fostering collaborative practices between finance and technology leaders, businesses can safeguard their data assets more effectively. This article dives into the essential steps for aligning these roles to enhance data visibility and security.
Key Points
- Lack of visibility and shared accountability is a major risk for organisations in safeguarding their data.
- Collaboration between CFOs and CIOs is essential for understanding and managing data-related risks.
- Shadow data, or data stored without proper oversight, can lead to increased vulnerabilities.
- Creating a single version of truth across departments minimises blind spots regarding data accessibility.
- Both roles should take joint ownership in cybersecurity and data protection initiatives to enhance overall security posture.
Why should I read this?
This article is a must-read for anyone in a leadership position. It highlights the critical nature of collaboration between CFOs and CIOs in the face of growing data security threats. By breaking down silos, you’ll not only save your organisation from potential risks but also drive a culture of shared responsibility that can boost your overall data strategy. We’ve done the reading for you, now get on board with these vital insights!