GRC Viewpoint

The Functions of Chief Information Security Officer Is (CISO) Likely to Undergo Changes in 2023 and beyond

The role of a CISO is inevitable in the world of cyber security. The last few years have seen CISOs reeling under pressure to cope with the altered requirements of the security world as an aftermath of the coronavirus. In 2023 and beyond, massive changes in the way CISOs function are expected.

Most importantly, Boards of Directors will be instrumental in spearheading the need to elevate the role of CISOs.

Throughout 2022, there was much more focus on the ongoing and probable impacts of massive cyber-attacks on organizations. These attacks and the new challenges that arose as a result of covid-19 have paved the way for different perspectives on the role of CISOs.

Several recent surveys indicate a possible shift in the reporting hierarchy for a CISO.

From, say, underneath the CIO or the infrastructure management department, to directly to CEOs.

The need for CISOs to be at the forefront of the latest trends in cybersecurity trends is more evident. CISOs are also under immense pressure to invent robust and agile security strategies that can drive security growth targets and revenue growth as per organizational requirements.

With the impending change in responsibilities, CISOs across the globe will have to think beyond conventional or long-standing threat management practices or strategies. New and broad cybersecurity practices or programs that focus on threat awareness are needed. They are simultaneously aligned to each executive team’s business strategy that is oriented towards requisite cybersecurity outcomes.

As another critical trend for the coming years, more and more CISOs are likely to search for executive coaches or reliable business partners to assist them in dealing with any shortcomings in this regard.

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