Reality

The statistics on cybercrime are truly staggering. Recent reports are forecasting total economic damage due to cybercrime to exceed US $5.2 trillion dollars by 2023. Companies of all sizes and industries are regularly being targeted.

Cyber security has rightly become a board-level business issue. Organizations can no longer turn a blind eye as IT struggles with this critical business risk. Rather, companies must take a strategic approach to cybersecurity. There will always be another security tool to buy or another service to purchase. However, neither of these will ever make organizations 100% secure. If perfect security is not achievable, what is the right level of security for an organization?

Problem

Companies must create, and execute, a meaningful and relevant cybersecurity strategy. This strategy will bridge the gap between business and technology - helping organizations decide upon the right level of security.

An organization’s cyber security strategy should answer these critical questions.

• Why is cybersecurity important for us?

• What is the right level of spend for security?

• Are we meeting our regulatory and contractual obligations?

• Are we protecting all of our business processes and assets?

• What risk are most relevant for our organization?

• What does ‘secure enough’ mean for our company?

With a proper strategy, companies can design and execute a thoughtful and pragmatic cyber program appropriate for its needs.

Solution

North Wonders has a unique fractional chief information security officer (CISO) offering. We provide seasoned leadership to fill the critical role of cybersecurity executive within your organization.

In the role of chief information security officer, we ensure your organization’s security program is aligned with organizational objectives and then oversee program execution.

• Ongoing education for organizational leadership regarding cyber security risks and threats.

• Working with leaders, articulate a strategy appropriate for your organizations.

• Collaborate with stakeholders to design a cybersecurity road map - articulating pragmatic and demonstrable steps to improve security.

• Oversee execution of the road map; tracking progress and working through roadblocks.

• Actively foster a culture of cyber security within your organization.

• As de facto executive, engage with leaders, board, and external entities in support of the organizational security program.