Given today’s leading cyber security story in City AM detailing how salaries for Chief Information Security Officers (CISOs) at top European firms have topped €1m (£850,000) as the threat of data breaches grows, Cindy Provin, Chief Strategy Officer at Thales e-Security commented.
Cindy Provin, Chief Strategy Officer at Thales e-Security:
“It’s no surprise to see the financial value that top European firms now place on the role of CISOs, particularly given that the GDPR will be coming into effect a year from now.
“More importantly however, these figures are evidence that the startling rise of cyber-attacks year-on-year has caused boardrooms to recognise the dangers of hacking for companies’ bottom lines, reputation, customer retention and employee confidence.
“Thales’ latest Global Encryption Trends Study surveyed 5,000 people from multiple industries and across five continents, revealing that business leaders’ influence over cyber security measures like encryption is at its highest ever as they move away from the IT department to form part of the C-suite’s day-to-day agenda.
“In order for companies to prevent the sensitive data from falling into the hands of a malicious hacker, and becoming tomorrow’s headlines, it is critical that boardrooms feature cyber and data security prominently on their agendas.”