CISOs: Click left for the board-level insights you need
January 11, 2021
Cybersecurity is awash with data and metrics, but true insight is in short supply. So how do CISOs codify, communicate and manage the increasing amount on their plate? Answer: Click left for insight-driven security.
Threats are on the rise, and nobody is more acutely aware than chief information security officers (CISOs).
Among their multiple concerns, CISOs I speak with are most worried about the impact of data and/or privacy breaches. They know attacks are coming from new and diverse sources (nation states, or insiders for instance). To them, it can feel like too much: 63% say staying ahead of attackers is a constant battle and the cost is unsustainable.
The security of yester-year was like the Tower of London, with its defined perimeter, small number of entry and exit points and a certain, limited, knowledge of the crown jewels’ location. But today, security requirements have more in common with the London Underground: a distributed perimeter, hundreds of entry and exit points, myriad third parties supporting the infrastructure and tens of thousands of point-to-point connections.
However, they do share one thing: Threats from insiders, malicious or otherwise. For the underground, this means the half-million, give or take, mice that call it home. For today’s businesses, insider threats might consist of a disgruntled employee or one who simply isn’t careful enough when it comes to cybersecurity. It all underscores the need for security to flow through the entirety of an organisation, if it is to be effective.
As board-level leaders become increasingly aware of and educated about the need for cybersecurity, they’re asking for more frequent updates (quarterly in the main, according to my CISO discussions). But here’s the rub: There’s a fundamental disconnect between the metrics CISOs have to show them and what board members actually need to know.
So how do you codify, communicate and manage the modern CISO’s brief in terms the board (or board-level leaders) can understand?
Typically, the board hears about the number of blocked phishing attempts, unpatched vulnerabilities categorised by risk tier, and events generated in the data loss prevention tool. But those metrics don’t help leaders understand risk or make the right decisions on security investments.
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The volatile threat landscape in many cases means CISOs are finding annual budgeting processes inadequate.
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Go left one click at a time. That means evolving reports from hundreds of operational metrics to dozens and from there to tens of risk metrics—until you arrive at the key metrics the board needs to genuinely know what’s happening, what’s needed and what to fund.
My experience tells me there are nine questions senior leaders in any organisation should be putting to their security leads to generate those top tier metrics, including:
Strategy and Initiatives
The next step is to codify the CISO’s landscape with a blueprint/template, underpinned by the right KPIs, and in a format that can be articulated simply. The exam question for this step is simple: If you have 20 minutes with the board, what are you going to communicate? Bear in mind a side goal is education in general—helping leaders understand what’s important to measure and why, and how these factors influence budgets and priorities.
Getting your board-level reports right can bring massive implications for budgets, investments and for driving actionable decisions. And just in time, since the volatile threat landscape in many cases means CISOs are finding annual budgeting processes inadequate. As one CISO said at a recent cybersecurity roundtable event, “Threat actors don’t fit into our budget cycles.” Thus, CISOs must build trust and get leaders to engage with and understand their perspective on the security mission and vision.
At the same exec event, CISOs offered their peers this simple advice for leadership budget discussions: Use simple metrics to demonstrate value, in terms that the board and non-technical audiences can understand.
The point: When you click left and keep clicking, you start a journey to clear communications and better understanding—and ultimately, better alignment between priorities and investments. There really is light at the end of the (underground?!) tunnel when it comes to turning metrics into actionable insights.
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