CIOs understand more than most that technology changes at a rapid rate. The rate at which technology changes is the biggest reason that CIOs need to focus on emerging tech and how it affects security at their company. This includes both advancements to tools that can assist security processes, as well as new threats and how they are evolving.
There has been an undeniable shift over the last few years towards a higher focus on cybersecurity, yet there are still massive vulnerabilities that exist for most businesses. These vulnerabilities can lead to a pause in operations or even massive reductions in company value.
There is a misunderstanding that lies at the center of most wealth manager’s views of data security. This is the fact that data with the highest value is more protected than less valuable data. However, this is not always the case.
Many of you may be aware of the 2017 Equifax data breach, which resulted in the divulgence of the financial and personal information of approximately 148 million individuals. Due to this data breach, Equifax recently announced a settlement that necessitates they spend at least $1.38 billion in order to resolve the claims of consumers.
Most employees prefer to feel empowered to make their own decisions on the job as opposed to dealing with overly controlling bosses who prefer to micromanage. When someone new to the team is truly ready to get to work after the onboarding process, those in leadership positions should be looking for ways to empower these new team members.