A few years ago, CFOs commonly delegated cybersecurity responsibilities to the IT department, viewing it as a minor operational detail. However, a recent episode within the consumer goods industry showcased the profound implications of this oversight. A cyber intrusion drastically impacted a leading firm, resulting in an anticipated decline in quarterly sales between 23% and 28%.

*** This is a Security Bloggers Network syndicated blog from Blog – Balbix authored by Anuj Magazine. Read the original post at: https://www.balbix.com/blog/cyber-risk-in-cfo-lingo-cisos-need-a-financial-vocabulary/