MD3 Understand stakeholders: stakeholders in cybersecurity

Question 1

Stakeholders

Answer 1

Stakeholders are individuals or groups that have an interest in the decisions or activities of an organization.

Question 2

Stakeholders in cybersecurity

Answer 2

In cybersecurity, there are many stakeholders who pay close attention to the security of critical organizational assets and data. Five key stakeholders include:

Risk managers

Chief Executive Officer (CEO):

Chief Financial Officer (CFO):

Chief Information Security Officer (CISO):

Operations managers:

Question 3

Risk Mangers

Answer 3

Risk managers are important in an organization because they help identify risks and manage the response to security incidents. They also notify the legal department regarding regulatory issues that need to be addressed. Additionally, risk managers inform the organization’s public relations team in case there is a need to publish public communications regarding an incident.

Question 4

Chief Executive Officer (CEO):

Answer 4

Next, is the Chief Executive Officer, also known as the CEO. This is the highest ranking person in an organization. CEOs are responsible for financial and managerial decisions. They also have an obligation to report to shareholders and manage the operations of a company. So naturally, security is a top priority for the CEO.

Question 5

Chief Financial Officer (CFO):

Answer 5

Now, let’s discuss the Chief Financial Officer, known as the CFO. CFOs are senior executives responsible for managing the financial operations of a company. They are concerned about security from a financial standpoint because of the potential costs of an incident to the business. They are also interested in the costs associated with tools and strategies that are necessary to combat security incidents.

Question 6

Chief Information Security Officer (CISO):

Answer 6

Another stakeholder with an interest in security is the Chief Information Security Officer, or CISO. CISOs are high-level executives responsible for developing an organization’s security architecture and conducting risk analysis and system audits. They’re also tasked with creating security and business continuity plans.

Question 7

Operations managers:

Answer 7

Last, we have operations managers. Operations managers oversee security professionals to help identify and safeguard an organization from security threats. These individuals often work directly with analysts as the first line of defense when it comes to protecting the company from threats, risks, and vulnerabilities. They are also generally responsible for the daily maintenance of security operations.