5. Management incompetence
Posted: Mon Feb 10, 2025 4:38 am
Often, good and technically competent information security specialists become managers, but they chronically lack skills in economics, planning and budgeting of departments. This usually manifests itself in the inability to assess the value of assets and, as a result, set the right priorities. Top management, in turn, considers information security as an expense item, and not part of its business processes, which does not allow for the formation of feedback between business and security. This is where the misunderstanding of what and how to protect begins, which ultimately leads to budget overruns, the loss of specialists to other companies and much more. It is important to remember that information security and IT are like two hands of one person and they must be used in a coordinated manner, synchronously under the control of one head (top management).
Four Priority Tasks for CIOs Working with Data
14.03.2023
Using data to benefit your business while keeping it secure is a complex topic. Stephen Cavey, co-founder and chief evangelist at Ground Labs, shares advice on four key challenges on the Enterprisers Project.
In 2023, CIOs find themselves at a crossroads regarding belgium mobile database some may consider a company's most valuable asset: its data.
On the one hand, data is incredibly useful for decision making, targeted marketing, and optimizing business performance. But on the other hand, data can be a source of risk. Data breaches can be devastating, storing data properly is a huge responsibility, and new regulations penalize those who violate data privacy and compliance.
As big a challenge as data management may seem in this context, CIOs can ensure data security while still taking full advantage of its benefits.
Here are the four top data challenges facing CIOs in 2023 and how to address them.
1. Ensure compliance with ever-changing regulatory requirements
Data breaches are constantly making the news, and lawmakers are responding with increasingly stringent laws—and as a result, CIOs are facing information overload. Many old privacy laws are still in effect today, and major new laws could be on the way.
Existing laws are under constant review in many countries, and among the most significant changes is a sharp increase in financial penalties. For example, in November 2022, Australia approved a new minimum fine for data misuse of AUD 50 million — 25 times the previous maximum.
Four Priority Tasks for CIOs Working with Data
14.03.2023
Using data to benefit your business while keeping it secure is a complex topic. Stephen Cavey, co-founder and chief evangelist at Ground Labs, shares advice on four key challenges on the Enterprisers Project.
In 2023, CIOs find themselves at a crossroads regarding belgium mobile database some may consider a company's most valuable asset: its data.
On the one hand, data is incredibly useful for decision making, targeted marketing, and optimizing business performance. But on the other hand, data can be a source of risk. Data breaches can be devastating, storing data properly is a huge responsibility, and new regulations penalize those who violate data privacy and compliance.
As big a challenge as data management may seem in this context, CIOs can ensure data security while still taking full advantage of its benefits.
Here are the four top data challenges facing CIOs in 2023 and how to address them.
1. Ensure compliance with ever-changing regulatory requirements
Data breaches are constantly making the news, and lawmakers are responding with increasingly stringent laws—and as a result, CIOs are facing information overload. Many old privacy laws are still in effect today, and major new laws could be on the way.
Existing laws are under constant review in many countries, and among the most significant changes is a sharp increase in financial penalties. For example, in November 2022, Australia approved a new minimum fine for data misuse of AUD 50 million — 25 times the previous maximum.