COVID-19 has caused mass disruption for cybersecurity leaders. First, they had to deal with securing distributed workforces: With enterprises now largely operating remotely, the attack surface opened the door to new threats. Then they had to address heightened risk from increasingly sophisticated threat actors. The World Health Organization reported a fivefold increase in cyberattacks during 2020, and the creation of new ransomware samples increased by 72% during the pandemic, according to research by Skybox Security. On top of this, cybersecurity leaders are working hard to advance accelerated digital transformation initiatives — all against the backdrop of a recession that has led to increased budget scrutiny.
This isn't to say that budgets will be slashed. While 73% of organizations anticipate budget changes to their cybersecurity program, 32% of those organizations expect an increase in funding to help them respond to expanded threats, according to EY. As these businesses and their executive teams assess the necessary components needed to right-size (or expand upon) their security infrastructures, they'll look to their CISOs to ensure that this is done in a way that not only protects their employees and proprietary data but also contributes to the organization's larger digital transformation.
CISOs have achieved a position of greater influence and interaction with their CEOs ..
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