In an era of information security breach and cybercrime, Chief Financial Officers (CFOs) role in data security is rapidly and drastically changing. It has now become a key task for CFOs to ensure that sensitive data internally handled on a day to day basis are protected and they also need to make sure that the financial resources earmarked for data security is readily available.
The sad reality is that these hackers are winning more than the defenders are in many cases. It is therefore the job of the CFO to anticipate and prevent such problems. While it may not be an easy task to have a unified, well-structured cyber risk framework, it should continue to be one of the goals of the company.