Most CISOs Feel Unprepared For New Compliance Regulations
HelpNet Security, Friday, July 26th, 2024
With the new stringent regulations, including the SEC's cybersecurity disclosure rules in the USA and the Digital Operational Resilience Act (DORA) in the EU, a significant challenge is emerging for many organizations, according to Onyxia Cyber.
The job of a CISO has changed dramatically over the past few years. What used to be a technically minded cybersecurity role has evolved to include a greater emphasis on security strategy and quantifying and mitigating business risk. With compliance regulations, and the cost of a breach growing year on year, executives realize the importance of saving a cybersecurity seat at the table.
67% of CISOs report feeling unprepared for these new compliance regulations, while 52% admit to needing more knowledge on reporting cyber attacks to the government.
'As cyber threats escalate and regulations impose heavy penalties for non-compliance, it's imperative for CISOs to reassess and strengthen their security programs in a data-driven way. Our survey reveals critical industry benchmarks, highlighting areas of strength and significant gaps that need urgent attention,' said Sivan Tehila, CEO of Onyxia. 'CISOs must enhance their preparedness, improve security hygiene, and embrace new technologies like AI to better maximize their existing security tools and protect their organizations.'