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Governance and compliance have consistently been critical issues , remaining a top priority for organisations over the past two decades .
regulatory frameworks that mainly imposed fines , NIS2 introduces the possibility of suspensions , making non-compliance a serious professional risk . This has undoubtedly captured the attention of board members and senior executives , emphasising the critical importance of adhering to governance and compliance standards .
In addition to NIS2 , other regulations such as DORA , the AI Act and the Cyber Resilience Act are also reshaping the landscape . Similarly , in Latin America , particularly in financial services in Brazil and Mexico , regulations are increasingly holding boards accountable for cybersecurity protocols . The emphasis on governance and compliance is therefore becoming a global trend , underscoring its vital role in modern cybersecurity strategies .
This report focuses on key cybersecurity trends , challenges and priorities for CIOs . Based on the findings , what should CIOs do to adapt their cybersecurity strategies accordingly ?
If you speak with any CIO today , they ’ ll likely have a long list of initiatives they wish to pursue . However , understanding the evolving nature of the CIO role is crucial . Today , a CIO is not just a Chief Information Officer ; they are increasingly becoming a Chief Information Business Officer or even a Chief Information Business Security Officer . The same applies to CISOs . These roles are now more aligned with business strategy than ever before .
The first key aspect for a CIO is to adopt a businessfirst mindset . This involves close collaboration with business leaders across the organisation , driving both efficiency and innovation . The CIO must not only focus on traditional IT functions but also understand how these functions support broader business objectives .
Secondly , understanding the customer is essential . For a CIO , the customer isn ’ t just external but includes internal stakeholders – business leaders across different functions . It ’ s vital to comprehend their needs and how IT initiatives can enhance overall service quality and satisfaction within the organisation . This internal customer focus is as important as serving the external market .
Lastly , the CIO must act as a champion for Digital Transformation within the business . However , it ’ s not just about leading IT initiatives ; it ’ s about empowering other business leaders to take ownership of these projects . In this new era , the role of the CIO is less about deploying IT projects independently and more about fostering cross-functional collaboration . The ability to share power and responsibility with other business units is a significant shift from the traditional view of the CIO role .
Click here to read part two – Cybersecurity trends , challenges and priorities for CIOs – Part Two
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