Defense in Depth
How Are New SEC Rules Impacting CISOs?
Nov 7, 2024
Allan Cockriel, Group CISO at Shell, dives into the impact of new SEC regulations on cybersecurity roles. He discusses the heightened accountability CISOs now face and the complexities of meeting regulatory demands amidst cyber threats. Cockriel highlights the importance of transparency while balancing security risks and the potential for a talent exodus in the field. Additionally, he emphasizes the need for industry collaboration and robust control frameworks to navigate these challenges successfully.
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Quick takeaways
- Increasing SEC regulations are placing greater accountability on CISOs, leading to fears of job security and potential talent exodus from the industry.
- As the role of the CISO evolves under scrutiny, there is a need for clearer definitions of responsibilities to balance risk management with organizational goals.
Deep dives
The Accountability Dilemma for CISOs
Increasing regulations from the SEC are placing significant accountability on CISOs, which raises concerns about their ability to operate effectively within their organizations. Many CISOs feel overwhelmed by the expectation to report on cybersecurity risks and breaches, particularly when their influence over organizational practices is limited. The pressure for accountability may lead to a misunderstanding of the constraints that CISOs face, especially regarding systemic issues that require upstream leadership involvement. As a result, there is a growing fear that these expectations could set CISOs up for failure rather than fostering a collaborative effort to improve cybersecurity.
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