The first is to have a partnership with the head of IT. While CFOs used to confine themselves to finance, their influence over enterprise-wide controls has been expanding; so they can serve as a much-needed bridge between IT and other departments, including the C-suite. “Working across functions to manage risk is the hallmark of today’s CFO.”
Second, because CFOs are the ones estimating the financial impact of cyberattacks, defining strategies, and identifying where to commit resources to counter threats, they need to take center stage in the cyber threat solution.
Third, CFOs need to prioritize threats and decide how to deal with them. One obvious threat that needs attention is the fact the employees need access to data to do their jobs, which creates an inherent risk. CFOs need to partner with other executives to balance the needed access with appropriate security protocols to reduce the organization’s exposure to data breaches.
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THOUGHT LEADERSHIP WHITEPAPER
We want to provide you with an update on the Log4J vulnerability that was identified this weekend as it relates to your Synoptix installation. The short answer is that there should be no vulnerability issues with Synoptix. Synoptix no longer uses Log4J. Version 7 did use version 1.2 of Log4J (which was not vulnerable), and should therefore also be clear of any vulnerability issues related to Log4J version 2.0-2.14 (which was identified this weekend as having vulnerability).