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February 20, 2014
STUDY EXAMINES CONCERNS OF INFORMATION SECURITY LEADERS ACROSS FIVE INDUSTRIES, OFFERS ACTIONABLE GUIDANCE FOR CISOS AND CROS
McLean, VA — In today’s world of dynamic and complex cyber threats, Chief Information Security Officers (CISOs) and Chief Risk Officers (CROs) from commercial and government enterprises are evaluating how to move from a react and defend stance to a holistic cyber risk management program that is focused on the ability to predict and prevent. In response to IT and security leaders’ needs for information on how to more effectively maintain data integrity and security, Booz Allen Hamilton (NYSE: BAH) has released the results of a company-sponsored IDC White Paper, “Shifting Risks and IT Complexities Create Demands for New Enterprise Security Strategies.”(February 2014)
“Shifting Risks and IT Complexities Create Demands for New Enterprise Security Strategies.”
The study, which captures the results of interviews with information security executives across the financial services, federal government, large supply chain manufacturing, oil and gas and pharmaceutical sciences industries, gives security decision-makers practical, actionable information on the current threat landscape, the changing role of the CISO and CRO, and the consequential need for an end-to-end security and service partner.
“Organizations are learning that cyber security threats create both tangible and intangible impact on their abilities to do business and function,” said Christopher Ling, executive vice president, Booz Allen. “It may be easy to calculate the impact of an attack in terms of staff time, replacement costs, lost productivity, and the cost of compliance and meeting contractual obligations, but it is more difficult to determine the loss of brand, reputation and relationships and to tally liabilities. Damage to intangible assets often does not immediately come to light, but it can have significant long-term impact. IT and cyber leaders understand to varying degrees that all it takes is one incident to create irreparable damage and that a holistic threat management system can go far in keeping their organizations safe from harm.”
The IDC White Paper analyzed the concerns of information security leaders in five industries and provided threat-based implications that CISOs and CROs can act upon.
As threats continue to evolve and attackers exploit organizations’ weakest links, the IDC White Paper concludes that CISOs and CROs can better manage their organization’s security demands by engaging with a security partner. Through its interviews with security executives, IDC collected input on the skill set a provider should have:
Booz Allen’s Christopher Ling added, “CISOs and CROs across all industries have many challenges ahead. Perhaps one of the most critical is translating cyber risk management in terms that the C-suite will value. This report will help leaders address this issue and others, such as whether it is in their organization’s best interests to either manage all components of cyber risk defense or collaborate with a provider who brings broad expertise.”
At the 2014 RSA Conference, Booz Allen Hamilton’s vice chair, Mike McConnell, and Christopher Ling will speak with CISOs about the challenges they face engaging with the C-suite and moving from a perimeter defense to a holistic cyber program.
About Booz Allen
For more than 100 years, business, government, and military leaders have turned to Booz Allen Hamilton to solve their most complex problems. They trust us to bring together the right minds: those who devote themselves to the challenge at hand, who speak with relentless candor, and who act with courage and character. They expect original solutions where there are no roadmaps. They rely on us because they know that—together—we will find the answers and change the world.
We solve the most difficult management and technology problems through a combination of consulting, analytics, digital solutions, engineering, and cyber expertise. With global headquarters in McLean, Virginia, our firm employs approximately 24,600 people globally, and had revenue of $6.17 billion for the 12 months ended March 31, 2018. To learn more, visit www.boozallen.com. (NYSE: BAH)