CIO, CFO Relationship Key To Optimize Tech Spend
CIODIVE, February 27th, 2023
Nearly half of C-suite and other top executives expect the frequency of cyberattacks targeting their organizations' accounting and financial data to increase in 2023, according to a Deloitte Center for Controllership poll.
Less than half, 43%, of the 1,100 C-suite and other top-level executives polled say their organizations' finance and cyber teams only work together as needed 'with inconsistent closeness and consistency,' Deloitte found. Just 1 in 5 are closely aligned.
Meanwhile, CFOs may put IT spend on the back burner in the face of unfavorable economic headwinds. Only 14% of CFOs expect to prioritize IT infrastructure in 2023, while the top priorities are cost management and financial performance, according to Deloitte's most recent CFO Signals report.